• By Goodwill
  • 1,413 Comments
  • November 24, 2023

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.36. USDINR opened at 83.33. Fwd premia – 1 year fwd premia is at 1.60% p.a
 
-ECB minutes indicated that higher rates will prevail for long and until inflation comes to target levels.
 
-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
23-Nov-23 83.36 104.29 90.95 55.94
 -USDINR is at 83.36.Prior day’s close was 83.33.
-Indian Equity indices trades flat.
-Indian 10 year G-SEC yield is at 7.27%.
-USDINR 1 yr fwd premia is at 1.60%.
USDINR @ 83.36, EUR/USD@ 1.0905, GBP/USD @ 1.2540, USD/JPY @ 149.26, EUR/INR @ 90.89, GBP/INR @ 104.51, JPY/INR @ 55.84 Gold@1993, Brent Crude @ 81.25, Nifty @ 19802(+0), 10 Year G-SEC @ 7.27%.
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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