FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate April 12, 2024
USD is now at 83.38. USDINR opened at 83.36. Fwd premia – 1 year fwd premia is at 1.60% p.a.
-IIP, CPI are important data events for the day.
-USD gained against majors on higher than expected US CPI data.
-ECB indicated possibility of rate cuts.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 10-Apr-24 | 83.22 | 105.52 | 90.29 | 54.83 |
-USDINR is at 83.38.Prior day’s close was 83.21.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.18%.
-USDINR 1 yr fwd premia is at 1.60%.
USDINR @ 83.38, EUR/USD@ 1.0715, GBP/USD @ 1.2542, USD/JPY @ 153.20, EUR/INR @ 89.36, GBP/INR @ 104.57, JPY/INR @ 54.43. Gold@2385, Brent Crude @ 90.22, Nifty @ 22652(-100), 10 Year G-SEC @ 7.18%.
Hedging:
USDINR receivables can be hedged at 83.45/83.70.
Eur receivables can be hedged on climb to 89.70/90+.
GBPINR receivables
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