FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.88. USDINR opened at 83.875. Fwd premia – 1-year fwd premia is at 2.10% p.a.
– GST Collections climbed 10% y/y to Rs 1.75 lac cr in Aug.
-US ISM and nonfarm payroll data are key events for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 30-Aug-24 | 83.87 | 110.49 | 92.91 | 57.86 |
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.99%.
-USDINR 1 yr fwd premia is at 2.10%.
USDINR @ 83.88, EUR/USD@ 1.1053, GBP/USD @ 1.3135, USD/JPY @ 146.13, EUR/INR @ 92.71, GBP/INR @ 110.17, JPY/INR @ 57.40. Gold@2496, Brent Crude @ 76.50, Nifty @ 25314(+79), 10 Year G-SEC @ 6.98%.
Hedging:
USDINR receivables can be hedged at 84.20/84.30.
Payables can be covered on dips to 83.75/83.65.
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