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  • April 4, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate April 4, 2024

USD is now at 83.45. USDINR opened at 83.42. Fwd premia – 1 year fwd premia is at 1.63% p.a.
 
-US employment data  is the key event for the week.
 
-RBI policy is expected tomorrow.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
3-Apr-24 83.42 104.87 89.85 55.01
 
-USDINR is at 83.45.Prior day’s close was 83.47.
 
-Indian Equity indices decline marginally..
 
-Indian 10 year G-SEC yield is at 7.09%.
 
-USDINR 1 yr fwd premia is at 1.63%.
 
USDINR @ 83.45, EUR/USD@ 1.0844, GBP/USD @ 1.2656, USD/JPY @ 151.69, EUR/INR @ 90.49, GBP/INR @ 105.60, JPY/INR @ 55.01. Gold@2299, Brent Crude @ 89.65, Nifty @ 22418(-15), 10 Year G-SEC @ 7.09%.
 
Hedging:
USDINR payables be hedged on decline to 83.27. 
Eur receivables can be hedged GBPINR receivables can be hedged now.
 
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