• By Goodwill
  • 1 Comment
  • November 7, 2023

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.25. USDINR opened at 83.22. Fwd premia – 1 year fwd premia is at 1.61% p.a
 
-Indian Equity indices decline.
 
-Focus is on ECB and Fed Chief’s speeches.
RBI rates
 
Trade Date  1 USD 1 GBP 1 EUR 100 YEN
6-Nov-23 83.22 103.05 89.36 55.65
-USDINR is at 83.22.Prior day’s close was 83.20.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.31%.
-USDINR 1 yr fwd premia is at 1.61%.
USDINR @ 83.25, EUR/USD@ 1.0707, GBP/USD @ 1.2329, USD/JPY @ 150.23, EUR/INR @ 89.12, GBP/INR @ 103.03, JPY/INR @ 55.41. Gold@1972, Brent Crude @ 84.70, Nifty @ 19354(-57), 10 Year G-SEC @ 7.31%.
 
Hedging:
USDINR payables can be hedged on dipes to 83.10 . Eur receivables can be hedged now and on rally 89.70/90.10. GBPINR receivables can be hedged closer to 103.50.
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Comments

  1. Gaza and its Resistance to Israel’s Brutal Attacks
    November 29, 2023

    I appreciate you sharing this blog post. Thanks Again. Cool.

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