FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.91. USDINR opened at 83.81. Fwd premia – 1 year fwd premia is at 2.05% p.a.
-FOMC minutes and Fed Chairman’s speech are focus events for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 20-Aug-24 | 83.78 | 108.88 | 92.82 | 56.97 |
-USDINR is at 83.91.Prior day’s close was 83.76.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.96%.
-USDINR 1 yr fwd premia is at 2.05%.
USDINR @ 83.91, EUR/USD@ 1.1117, GBP/USD @ 1.3022, USD/JPY @ 145.86, EUR/INR @ 93.28, GBP/INR @ 109.28, JPY/INR @ 57.53. Gold@2516, Brent Crude @ 77, Nifty @ 24718(+19), 10 Year G-SEC @ 6.96%.
Hedging:
USDINR receivables can be hedged at 84.10.
Payables can be covered on dips to 83.70/83.65.
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