FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate August 12, 2024
USD is now at 83.96. USDINR opened at 83.95. Fwd premia – 1 year fwd premia is at 2.02% p.a.
-Indian CPI and IIP are expected.
-US inflation and retail sales are important events for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
9-Aug-24 |
83.9 |
107.12 |
91.67 |
57.02 |
-USDINR is at 83.96.Prior day’s close was 83.95.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.99%.
-USDINR 1 yr fwd premia is at 2.02%.
USDINR @ 83.96, EUR/USD@ 1.0920, GBP/USD @ 1.2772, USD/JPY @ 147.19, EUR/INR @ 91.70, GBP/INR @ 107.23, JPY/INR @ 57.04. Gold@2435, Brent Crude @ 80, Nifty @ 24420(+50), 10 Year G-SEC @ 6.99%.
Hedging:
USDINR receivables can be hedged at 84.10.
Payables can be covered on dips to 83.60.
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