FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate July 9, 2024
Major developments:
USD is now at 83.49. USDINR opened at 83.49. Fwd premia – 1 year fwd premia is at 1.66% p.a.
-Focus is on Indian and US CPI data.
RBI rates
Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
8-Jul-24 | 83.47 | 106.9 | 90.3 | 51.97 |
-USDINR is at 83.49.Prior day’s close was 83.51.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.98%.
-USDINR 1 yr fwd premia is at 1.66%.
USDINR @ 83.49, EUR/USD@ 1.0827, GBP/USD @ 1.2806, USD/JPY @ 160.87, EUR/INR @ 90.38, GBP/INR @ 106.90, JPY/INR @ 51.89. Gold@2360, Brent Crude @ 85.50, Nifty @ 24397(+75), 10 Year G-SEC @ 6.98%.
Hedging: USDINR receivables can be hedged at 83.60+.
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