FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.93. USDINR opened at 83.97. Fwd premia – 1 year fwd premia is at 2.16% p.a.
-US jobs data awaited.
-US markets are nervous ahead of Jobs data.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 5-Sep-24 | 83.98 | 110.41 | 93.1 | 58.66 |
-USDINR is at 83.94.Prior day’s close was 83.98.
-Indian Equity indices decline 1%.
-Indian 10 year G-SEC yield is at 6.97%.
-USDINR 1 yr fwd premia is at 2.16%.
USDINR @ 83.94, EUR/USD@ 1.1115, GBP/USD @ 1.3175, USD/JPY @ 142.47, EUR/INR @ 93.30, GBP/INR @ 110.57, JPY/INR @ 58.91. Gold@2520, Brent Crude @ 72.65, Nifty @ 24868(-276), 10 Year G-SEC @ 6.97%.
Hedging:
USDINR receivables can be hedged at 84.20/84.30.
Payables can be covered on dips to 83.75/83.65.
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