FX RATES AND USDINR FWDS :
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.
|Trade Date||1 USD||1 GBP||1 EUR||100 YEN|
-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%.
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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