FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.28. USDINR opened at 83.27. Fwd premia – 1 year fwd premia is at 1.60% p.a.
-US FOMC meeting and BOE rate decisions are important events for the week.
-US NFP is another important data release.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EUR | 100 YEN |
| 31-Oct-23 | 83.27 | 101.16 | 88.32 | 55.42 |
-USDINR is at 83.28.Prior day’s close was 83.26.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.35%.
-USDINR 1 yr fwd premia is at 1.60%.
USDINR @ 83.28, EUR/USD@ 1.0568, GBP/USD @ 1.2133, USD/JPY @ 151.32, EUR/INR @ 88, GBP/INR @ 101.04, JPY/INR @ 55.03 Gold@1978, Brent Crude @ 85, Nifty @ 19042(-37), 10 Year G-SEC @ 7.35%.
Hedging:
USDINR payables can be hedged on dipes to 83.10 . Eur receivables can be hedged now and on rally 88.70.
GBPINR receivables can be hedged closer to 102.40/103.50.
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