FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate April 10, 2024
USD is now at 83.20. USDINR opened at 83.21. Fwd premia – 1 year fwd premia is at 1.61% p.a.
-IIP, CPI are important data events for the week.
-US CPI and FOMC minutes are important global events.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
8-Apr-24 |
83.32 |
105.23 |
90.25 |
54.88 |
-USDINR is at 83.20.Prior day’s close was 83.30.
-Indian Equity indices climb..
-Indian 10 year G-SEC yield is at 7.12%.
-USDINR 1 yr fwd premia is at 1.61%.
USDINR @ 83.20, EUR/USD@ 1.0852, GBP/USD @ 1.2676, USD/JPY @ 151.78, EUR/INR @ 90.28, GBP/INR @ 105.46, JPY/INR @ 54.82. Gold@2355, Brent Crude @ 89.50, Nifty @ 22689(+45), 10 Year G-SEC @ 7.12%.
Hedging:
USDINR payables be hedged on decline to 83.18/83.06.
Eur receivables can be hedged . GBPINR receivables can be hedged now.
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