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FX RATES AND USDINR FWDS :
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FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate November 16, 2023

Major developments:

USD is now at 83.20. USDINR opened at 83.20. Fwd premia – 1 year fwd premia is at 1.56% p.a
 
-US retail sales and PPI softened.
 
-UK inflation fell steeply.
 
-Brent crude declined to USD 80.
 
RBI rates
 
 
-USDINR is at 83.20.Prior day’s close was 83.10.
 
-Indian Equity indices climb marginally.
 
-Indian 10 year G-SEC yield is at 7.23%.
 
-USDINR 1 yr fwd premia is at 1.56%.
 
USDINR @ 83.20, EUR/USD@ 1.0837, GBP/USD @ 1.2393, USD/JPY @ 151.25, EUR/INR @ 90.17, GBP/INR @ 103.13, JPY/INR @ 55.01. Gold@1962, Brent Crude @ 80.60, Nifty @ 19713(+38), 10 Year G-SEC @ 7.23%.
 
Hedging:
USDINR payables can be hedged on dipes to 83.10 . Eur receivables can be hedged now GBPINR receivables can be hedged now.
 
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  • November 16, 2023