FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate April 3, 2024
USD is now at 83.39. USDINR opened at 83.35. Fwd premia – 1 year fwd premia is at 1.63% p.a.
-US employment data is the key event for the week.
-Global yields surge on the back of strong manufacturing data from US , UK.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
2-Apr-24 |
83.36 |
104.58 |
89.45 |
54.94 |
-USDINR is at 83.39.Prior day’s close was 83.41.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.11%.
-USDINR 1 yr fwd premia is at 1.63%.
USDINR @ 83.39, EUR/USD@ 1.0777, GBP/USD @ 1.2580, USD/JPY @ 151.59, EUR/INR @ 89.89, GBP/INR @ 104.91, JPY/INR @ 55.01. Gold@2285, Brent Crude @ 89, Nifty @ 22407(-45), 10 Year G-SEC @ 7.11%.
Hedging:
USDINR receivables can be hedged .
Eur receivables can be hedged . GBPINR receivables can be hedged now.
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