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  • May 14, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate May 14, 2024

Major developments:

USD is now at 83.51. USDINR opened at 83.51. Fwd premia – 1 year fwd premia is at 1.67% p.a.
 
-CPI inched lower to 4.83% in April. Core CPI declined to 3.2%.
 
-US PPI and CPI are important data events for the week.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
13-May-24 83.52 104.64 89.98 53.6
 
-USDINR is at 83.51.Prior day’s close was 83.51.
 
-Indian Equity indices climb.
 
-Indian 10 year G-SEC yield is at 7.11%.
 
-USDINR 1 yr fwd premia is at 1.67%.
 
USDINR @ 83.51, EUR/USD@ 1.0787, GBP/USD @ 1.2560, USD/JPY @ 156.47, EUR/INR @ 90.09, GBP/INR @ 104.89, JPY/INR @ 53.37. Gold@2345, Brent Crude @ 83.45, Nifty @ 22174(+71), 10 Year G-SEC @ 7.11%.
 
Hedging: USDINR receivables can be hedged at 83.70.
 
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