FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate July 31, 2024
Major developments:
USD is now at 83.73. USDINR opened at 83.72. Fwd premia – 1 year fwd premia is at 1.84% p.a.
-Bank of Japan hiked rates by 25 bps.
-US Fed and BOE meetings are crucial events for the week.
-US non farm payrolls is a key data event on Friday.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
30-Jul-24 |
83.73 |
107.59 |
90.6 |
54.06 |
-USDINR is at 83.74.Prior day’s close was 83.72.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.04%.
-USDINR 1 yr fwd premia is at 1.84%.
USDINR @ 83.74, EUR/USD@ 1.0819, GBP/USD @ 1.2837, USD/JPY @ 152.63, EUR/INR @ 90.60, GBP/INR @ 107.50, JPY/INR @ 54.85. Gold@2420, Brent Crude @ 79.60, Nifty @ 24935(+75), 10 Year G-SEC @ 7.04%.
Hedging:
USDINR receivables can be hedged.
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