• By Goodwill
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  • July 19, 2024

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.62. USDINR opened at 83.625. Fwd premia – 1 year fwd premia is at 1.74% p.a.
 
-ECB maintained status quo on rates. ECB statement cautioned on inflation and mentioned that inflation still is well above ECB’s target.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
18-Jul-24 83.64 108.74 91.44 53.53
 
-USDINR is at 83.62.Prior day’s close was 83.63.
 
-Indian Equity indices decline.
 
-Indian 10 year G-SEC yield is at 6.97%.
 
-USDINR 1 yr fwd premia is at 1.74%.
 
 
USDINR @ 83.62, EUR/USD@ 1.0888, GBP/USD @ 1.2938, USD/JPY @ 157.70, EUR/INR @ 91.05, GBP/INR @ 108.18, JPY/INR @ 53.02. Gold@2425, Brent Crude @ 84.65, Nifty @ 24666(-136), 10 Year G-SEC @ 6.96%.
 
Hedging:
USDINR receivables can be hedged at 83.60+.
 
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