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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