FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.49. USDINR opened at 83.53. Fwd premia – 1 year fwd premia is at 1.63% p.a.
-Bond inflows are expected tomorrow. Inclusion of Indian bonds by JP Morgan and FTSE could induce US 20 bn inflows over 1 year.
-FII Equity inflows are also on the increase.
-US PCE data is the crucial event for the week.
RBI rates
Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
26-Jun-24 | 83.54 | 105.96 | 89.41 | 52.27 |
-USDINR is at 83.49.Prior day’s close was 83.58.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.99%.
-USDINR 1 yr fwd premia is at 1.62%.
USDINR @ 83.49, EUR/USD@ 1.0694, GBP/USD @ 1.2638, USD/JPY @ 160.40, EUR/INR @ 89.30, GBP/INR @ 105.51, JPY/INR @ 52.05. Gold@2299, Brent Crude @ 84.40, Nifty @ 23946(+79), 10 Year G-SEC @ 6.99%.
Hedging: USDINR receivables can be hedged at 83.60+.
Click to open an Account : https://ekyc.gwcindia.in/client/
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999