• By Goodwill
  • 12 Comments
  • November 28, 2023

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.39. USDINR opened at 83.35. Fwd premia – 1 year fwd premia is at 1.58% p.a
 
-Indian GDP is to be released on Nov 30 th. Q2 GDP is expected to have climbed by 6.8%.
 
-US PCE, ISM and spending data will dominate the narrative regarding future rate path.
 
-OPEC is meeting this week after last week meeting was deferred. Saudi Arabia may insist on extending voluntary supply cut to be extended.
 
-EU inflation data is another important release.
 
USDINR outlook: RBI has been selling USD at higher levels, but accepting modest decline. On Oct end USDINR was at 83.26. If Rupee closes below 83.40, it confirms the view that RBI is tolerant to Rupee decline aligned with fwd curve plus few ps. Dollar buying demand is evident as premia is insignificant for near term. FII’S have been net buyers in both Equity and debt segments in Nov. Rupee can gain modestly if FII inflows surface due to MSCI 
rebalancing. RBI could keep Rupee in the 83.25-83.45 range for some more weeks.
 
RBI rates
-USDINR is at 83.39.Prior day’s close was 83.38.
-Indian Equity indices gain marginally.
-Indian 10 year G-SEC yield is at 7.25%.
-USDINR 1 yr fwd premia is at 1.58%.
USDINR @ 83.39, EUR/USD@ 1.0953, GBP/USD @ 1.2631, USD/JPY @ 148.16, EUR/INR @ 91.34, GBP/INR @ 105.33, JPY/INR @ 56.28 Gold@2015, Brent Crude @ 80, Nifty @ 19810(+16), 10 Year G-SEC @ 7.25%.
Hedging:
USDINR payables can be hedged on dips to 83.25 . Eur receivables can be hedged now GBPINR receivables can be hedged now.
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

Comments

  1. 1*bet
    December 23, 2023

    1xbet giriş, kullanıcılarına dünya genelinde popüler olan birçok spor dalında bahis yapma fırsatı sunar.

  2. watch porn video
    January 16, 2024

    am siteleri vurgunyedim.wskAKUZKwPrW

  3. bahis siteleri porn
    January 17, 2024

    house porn yaralandinmieycan.xbPqJOobqUxd

  4. escort siteleri
    January 20, 2024

    fuck google wrtgdfgdfgdqq.uJkmEuqCexYH

  5. craft porn
    February 21, 2024

    porn sex pokkerx.vlDLa8NxzNVg

  6. porn siteleri
    February 21, 2024

    anal siteleri footballxx.4rhuG9WYKKFQ

  7. bahis siteleri sikis
    February 21, 2024

    anal sikis siteleri mobileidn.cAEK91DJUOsY

  8. fuck google
    February 21, 2024

    escort siteleri bingoxx.VsIimY5QdtZv

  9. porno izle
    February 21, 2024

    bahis siteleri sikis 250tldenemebonusuxx.oirhi1mYktHs

  10. bahis siteleri incest category
    February 21, 2024

    bahis siteleri child porn eyeconartxx.VOrFJKQsW3MX

  11. bahis siteleri porn sex incest
    February 22, 2024

    BİZİ SİK BİZ BUNU HAK EDİYORUZ vvsetohimalxxvc.mP0J5KhLRfSw

  12. escort
    February 24, 2024

    eskort siteleri tthighereduhryyy.4GJp522SdKE

Leave a Reply

Your email address will not be published. Required fields are marked *