FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate April 2, 2024
USD is now at 83.36. USDINR opened at 83.36. Fwd premia – 1 year fwd premia is at 1.58% p.a.
-US employment data is the key event for the week.
-March GST Collections rose 11.5% to 1.78 lac Cr.
RBI rates
Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
28-Mar-24 | 83.37 | 105.29 | 90.22 | 55.09 |
-USDINR is at 83.36.Prior day’s close was 83.37.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.08%.
-USDINR 1 yr fwd premia is at 1.58%.
USDINR @ 83.36, EUR/USD@ 1.0731, GBP/USD @ 1.2542, USD/JPY @ 151.75, EUR/INR @ 89.92, GBP/INR @ 104.55, JPY/INR @ 54.93. Gold@2251, Brent Crude @ 88, Nifty @ 22447(-12), 10 Year G-SEC @ 7.08%.
Hedging:
USDINR receivables can be hedged .
Eur receivables can be hedged . GBPINR receivables ca n be hedged now.
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