FX RATES AND USDINR FWDS :

By Goodwill
3 Comments
February 13, 2024

Major developments:

USD is now at 83.02. USDINR opened at 82.99. Fwd premia – 1 year fwd premia is at 1.81% p.a.

-Indian Jan CPI eased to 5.1%. IIP climbed 3.8% and mfrg grew by 3.9% in Dec.

-US CPI and retail sales are other important global data events for the week.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
12-Feb-24	82.99	104.83	89.57	55.63

-USDINR is at 83.02.Prior day’s close was 83.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.10%.

-USDINR 1 yr fwd premia is at 1.81.%.

USDINR @ 83.02, EUR/USD@ 1.0763, GBP/USD @ 1.2612, USD/JPY @ 149.57, EUR/INR @ 89.35, GBP/INR @ 104.70, JPY/INR @ 55.51. Gold@2019, Brent Crude @ 82, Nifty @ 21711(+89), 10 Year G-SEC @ 7.105%.

Hedging:

USDINR payables can be hedged at 82.92/82.85 . USD EXPORTS can be hedged at 83.18/83.35.

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