FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.91. USDINR opened at 83.90. Fwd premia – 1 year fwd premia is at 2.08% p.a.
-US D weakened after release of weaker than expected PPI data.
-US inflation and retail sales are important events for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 13-Aug-24 | 83.97 | 107.53 | 91.82 | 56.8 |
-USDINR is at 83.91.Prior day’s close was 83.97.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.98%.
-USDINR 1 yr fwd premia is at 2.08%.
USDINR @ 83.91, EUR/USD@ 1.0991, GBP/USD @ 1.2860, USD/JPY @ 147, EUR/INR @ 92.22, GBP/INR @ 107.90, JPY/INR @ 57.08. Gold@2461, Brent Crude @ 81, Nifty @ 24142(+3), 10 Year G-SEC @ 6.98%.
Hedging:
USDINR receivables can be hedged at 84.10.
Payables can be covered on dips to 83.60.
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