FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate August 09, 2024
USD is now at 83.95. USDINR opened at 83.95. Fwd premia – 1 year fwd premia is at 2.02% p.a.
RBI rates
Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
8-Aug-24 | 83.96 | 106.67 | 91.83 | 57.4 |
-USDINR is at 83.95.Prior day’s close was 83.95.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7%.
-USDINR 1 yr fwd premia is at 2.02%.
USDINR @ 83.95, EUR/USD@ 1.0928, GBP/USD @ 1.2767, USD/JPY @ 147.10, EUR/INR @ 91.68, GBP/INR @ 107.11, JPY/INR @ 57.02. Gold@2420, Brent Crude @ 79, Nifty @ 24363(+246), 10 Year G-SEC @ 7%.
Hedging:
USDINR receivables can be hedged at 84.10.
Payables can be covered on dips to 83.60.
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