• By Goodwill
  • 3 Comments
  • January 30, 2024

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.13. USDINR opened at 83.11. Fwd premia – 1 year fwd premia is at 1.88% p.a.
 
-Indian Budget will take center stage this week.
 
-Euro declined as ECB members hinted at April or June rate cuts.
 
-Focus is on US Fed meeting, ISM(mfrg) and employment data
 
-EU CPI data is due for release.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
29-Jan-24 83.15 105.66 90.16 56.2
 
-USDINR is at 83.13.Prior day’s close was 83.15.
 
-Indian Equity indices trade flat.
 
-Indian 10 year G-SEC yield is at 7.15%.
 
-USDINR 1 yr fwd premia is at 1.88%.
 
USDINR @ 83.13, EUR/USD@ 1.0825, GBP/USD @ 1.2706, USD/JPY @ 147.37, EUR/INR @ 89.99, GBP/INR @ 105.62, JPY/INR @ 56.41. Gold@2031, Brent Crude @ 82, Nifty @ 21738(), 10 Year G-SEC @ 7.15%.
 
Hedging:
USDINR payables can be hedged at 82.92/82.85 . 
USD EXPORTS can be hedged at 83.35/83.40.
Eur payables can be hedged at 89.20/88.50 
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. BusinesAffairr
    January 30, 2024

    I do not even know how I ended up here but I thought this post was great I do not know who you are but certainly youre going to a famous blogger if you are not already Cheers

  2. Silvergorilaa
    January 30, 2024

    Thanks I have just been looking for information about this subject for a long time and yours is the best Ive discovered till now However what in regards to the bottom line Are you certain in regards to the supply

Comments are closed.