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  • February 13, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate 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.
 
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