FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate July 15, 2024
Major developments:
USD is now at 83.56. USDINR opened at 83.54. Fwd premia – 1 year fwd premia is at 1.68% p.a.
-Indian CPI climbed 5.08% due to surge in Vegetable prices.
-IIP climbed 5.9%.
-US retail sales and ECB meeting are key events for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
12-Jul-24 |
83.54 |
107.83 |
90.77 |
52.49 |
-USDINR is at 83.56.Prior day’s close was 83.52.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.99%.
-USDINR 1 yr fwd premia is at 1.68%.
USDINR @ 83.56, EUR/USD@ 1.0887, GBP/USD @ 1.2967, USD/JPY @ 158.09, EUR/INR @ 90.97, GBP/INR @ 108.35, JPY/INR @ 52.85. Gold@2403, Brent Crude @ 84.90, Nifty @ 24581(+78), 10 Year G-SEC @ 6.99%.
Hedging:
USDINR receivables can be hedged at 83.60+.
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