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 ca n be hedged now.
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