FX RATES AND USDINR FWDS :
FX Morning Update USD INR February 22, 2024
Major developments:
USD is now at 82.91. USDINR opened at 82.93. Fwd premia – 1 year fwd premia is at 1.71% p.a.
-US FOMC minutes indicated that Fed is in no rush to cut rates soon.
-EU CPI data is the important data release for the day.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 21-Feb-24 | 82.89 | 104.67 | 89.61 | 55.25 |
-USDINR is at 82.91.Prior day’s close was 82.96.
-Indian Equity indices decline..
-Indian 10 year G-SEC yield is at 7.05%.
-USDINR 1 yr fwd premia is at 1.71.%.
USDINR @ 82.91, EUR/USD@ 1.0830, GBP/USD @ 1.2641, USD/JPY @ 150.25, EUR/INR @ 89.79, GBP/INR @ 104.80, JPY/INR @ 55.18. Gold@2028, Brent Crude @ 83.25, Nifty @ 21921(-132), 10 Year G-SEC @ 7.05%.
Hedging:
USDINR payables can be hedged at 82.85 . USD EXPORTS can be hedged at 83.18/83.35.
Eur receivables can be hedged at 89.70/90.10 . GBPINR
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