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  • March 28, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate March 28, 2024

Major developments:

USD is now at 83.36. USDINR opened at 83.32. Fwd premia – 1 year fwd premia is at 1.58% p.a.
 
-US Core PCE index is the key event for the week.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
27-Mar-24 83.325 105.13 90.22 54.92
-USDINR is at 83.36.Prior day’s close was 83.33.
 
-Indian Equity indices climb.
 
-Indian 10 year G-SEC yield is at 7.49%.
 
-USDINR 1 yr fwd premia is at 1.58%.
 
USDINR @ 83.36, EUR/USD@ 1.0823, GBP/USD @ 1.2630, USD/JPY @ 151.35, EUR/INR @ 90.23, GBP/INR @ 105.30, JPY/INR @ 55.08. Gold@2195, Brent Crude @ 85.70, Nifty @ 22322(+199), 10 Year G-SEC @ 7.04%.
 
Hedging:
USDINR receivables can be hedged .  
Eur receivables can be hedged GBPINR receivables can be hedged now.
 
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