• By Goodwill
  • 27 Comments
  • February 21, 2024

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 82.90. USDINR opened at 82.90. Fwd premia – 1 year fwd premia is at 1.74% p.a.
 
-US FOMC minutes is the focus event for the week.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
20-Feb-24 82.97 104.42 89.36 55.17
-USDINR is at 82.90.Prior day’s close was 82.96.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.05%.
-USDINR 1 yr fwd premia is at 1.74.%.
USDINR @ 82.90, EUR/USD@ 1.0816, GBP/USD @ 1.2633, USD/JPY @ 150, EUR/INR @ 89.65, GBP/INR @ 104.72, JPY/INR @ 55.26. Gold@2031, Brent Crude @ 82.65, Nifty @ 22203(+5), 10 Year G-SEC @ 7.05%.
 
Hedging:
USDINR payables can be hedged at 82.85 . USD EXPORTS can be hedged at 83.18/83.35.
Eur receivables can be hedged at 89.70/90.10 GBPINR receivables can be hedged at 105+.
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Comments

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