FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.97. USDINR opened at 83.96. Fwd premia – 1 year fwd premia is at 2.19% p.a.
-US CPI data, Indian CPI, IIP are important data releases for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 9-Sep-24 | 83.94 | 110.08 | 92.9 | 58.74 |
-USDINR is at 83.97.Prior day’s close was 83.96.
-Indian Equity indices gain marginally.
-Indian 10 year G-SEC yield is at 6.97%.
-USDINR 1 yr fwd premia is at 2.19%.
USDINR @ 83.97, EUR/USD@ 1.1040, GBP/USD @ 1.3075, USD/JPY @ 143.16, EUR/INR @ 92.71, GBP/INR @ 109.80, JPY/INR @ 58.66. Gold@2503, Brent Crude @ 71.70, Nifty @ 24985(+48), 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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