FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.34. USDINR opened at 83.32. Fwd premia – 1 year fwd premia is at 1.62% p.a.
-US FOMC minutes is the key event for the week.
-OPEC is meeting on Nov 26 th and could consider extending supply cuts.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EUR | 100 YEN |
| 20-Nov-23 | 83.33 | 103.98 | 90.98 | 55.87 |
-USDINR is at 83.34.Prior day’s close was 83.35.
-Indian Equity indices climbs.
-Indian 10 year G-SEC yield is at 7.24%.
-USDINR 1 yr fwd premia is at 1.62%.
USDINR @ 83.34, EUR/USD@ 1.0958, GBP/USD @ 1.2530, USD/JPY @ 147.47, EUR/INR @ 91.35, GBP/INR @ 104.43, JPY/INR @ 56.51. Gold@1992, Brent Crude @ 82, Nifty @ 19780(+86), 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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