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  • April 10, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate April 10, 2024

USD is now at 83.20. USDINR opened at 83.21. Fwd premia – 1 year fwd premia is at 1.61% p.a.
 
-IIP, CPI are important data events for the week.
 
-US CPI and FOMC minutes are important global events.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
8-Apr-24 83.32 105.23 90.25 54.88
 
-USDINR is at 83.20.Prior day’s close was 83.30.
 
-Indian Equity indices climb..
 
-Indian 10 year G-SEC yield is at 7.12%.
 
-USDINR 1 yr fwd premia is at 1.61%.
 
USDINR @ 83.20, EUR/USD@ 1.0852, GBP/USD @ 1.2676, USD/JPY @ 151.78, EUR/INR @ 90.28, GBP/INR @ 105.46, JPY/INR @ 54.82. Gold@2355, Brent Crude @ 89.50, Nifty @ 22689(+45), 10 Year G-SEC @ 7.12%.
 
Hedging:
USDINR payables be hedged on decline to 83.18/83.06. 
Eur receivables can be hedged GBPINR receivables can be hedged now.
 
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