• By Goodwill
  • 2 Comments
  • November 17, 2023

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.26. USDINR opened at 83.23. Fwd premia – 1 year fwd premia is at 1.56% p.a
 
-US weekly jobless claims hits 2 year high and PPI declined further.
 
-US industrial production also contracted.
 
-Crude fell further on rise in US Crude inventories.
 
-Rupee declined to 83.26 on demand from Oil marketing companies.
 
RBI rates
Trade Date  1 USD 1 GBP 1 EUR 100 YEN
16-Nov-23 83.24 103.18 90.22 55
 
-USDINR is at 83.26.Prior day’s close was 83.22.
 
-Indian Equity indices climb marginally.
 
-Indian 10 year G-SEC yield is at 7.23%.
 
-USDINR 1 yr fwd premia is at 1.56%.
 
USDINR @ 83.26, EUR/USD@ 1.0854, GBP/USD @ 1.2409, USD/JPY @ 150.53, EUR/INR @ 90.37, GBP/INR @ 103.32, JPY/INR @ 55.31. Gold@1986, Brent Crude @ 77.50, Nifty @ 19788(+23), 10 Year G-SEC @ 7.23%.
 
Hedging:
USDINR payables can be hedged on dips to 83.10 . Eur receivables can be hedged now GBPINR receivables can be hedged now.
 
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Comments

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