• By Goodwill
  • 4 Comments
  • December 20, 2023

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.16. USDINR opened at 83.17. Fwd premia – 1 year fwd premia is at 1.72% p.a
 
-Focus will be on US Core PCE index, to be released on Friday. This is the most preferred inflation gauge  for Fed.
 
-Rupee declined to 83.22 y’day.
 
USDINR outlook: Rupee’s appreciation bias may continue as overseas developments and Indian macro factors favor Rupee. Exporters can hedge at around 83.25 and importers can hedge at around 82.80 zone. Fwd premia is expected to climb higher as US Yields retrace more than Indian Yields. 
 
RBI rates
Trade Date  1 USD 1 GBP 1 EUR 100 YEN
19-Dec-23 83.13 105.26 90.86 57.95
 
-USDINR is at 83.16.Prior day’s close was 83.18.
 
-Indian Equity indices climb.
 
-Indian 10 year G-SEC yield is at 7.17%.
 
-USDINR 1 yr fwd premia is at 1.72%.
 
USDINR @ 83.16, EUR/USD@ 1.0970, GBP/USD @ 1.2725, USD/JPY @ 143.53, EUR/INR @ 91.23, GBP/INR @ 105.82, JPY/INR @ 57.93. Gold@2040, Brent Crude @ 79, Nifty @ 21540(+87), 10 Year G-SEC @ 7.17%.
 
Hedging:
USDINR payables can be hedged on dips to 83.24/83.18 . 
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. uPVC pipe supplier in Iraq
    December 22, 2023

    The factory’s dedication to quality is evident in the superior performance of their HDPE pipes, which are known for their exceptional strength and durability. Elitepipe Plastic Factory

  2. HDPE pipe solutions in Iraq
    January 2, 2024

    Normally I do not read article on blogs, however I would like to say that this write-up very forced me to try and do so! Your writing style has been amazed me. Thanks, quite great post.

  3. goltogel
    January 21, 2024

    Mandatory! Thanks for the share.

Leave a Reply

Your email address will not be published.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