FX RATES AND USDINR FWDS :
USD is now at 83.29. USDINR opened at 83.26. Fwd premia – 1 year fwd premia is at 1.56% p.a.
-USDINR fwd premia remains soft with 1 year at 1.56%.
-Fed Chairman sounded hawkish, indicating that victory over inflation is a long way ahead.
-Indian IIP and CPI are important data events in coming week.
|Trade Date||1 USD||1 GBP||1 EUR||100 YEN|
-USDINR is at 83.29.Prior day’s close was 83.30.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 7.29%.
-USDINR 1 yr fwd premia is at 1.56%.
USDINR @ 83.29, EUR/USD@ 1.0668, GBP/USD @ 1.2225, USD/JPY @ 151.38, EUR/INR @ 88.85, GBP/INR @ 101.82, JPY/INR @ 55.02 Gold@1956, Brent Crude @ 80.50, Nifty @ 19359(-37), 10 Year G-SEC @ 7.29%.
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.
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