FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate August 25, 2023
Major developments:
USD is now at 82.65. USDINR opened at 82.66. Fwd premia – 1 year fwd premia is at 1.63% p.a.
-US Fed Chairman will be speaking today.
USDINR View: USDINR has supports at 82.35/82.25. Resistance is now at 82.70/82.86.
RBI rates
| Trade Date | 1 USD | 2 GBP | 1 EUR | 100 YEN |
| 24-Aug-23 | 82.55 | 105.02 | 89.73 | 56.9 |
-USDINR is at 82.65.Prior day’s close was 82.57.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.20%.
-USDINR 1 yr fwd premia is at 1.63%.
USDINR @ 82.65, EUR/USD@ 1.0788, GBP/USD @ 1.2570, USD/JPY @ 146.25, EUR/INR @ 89.17, GBP/INR @ 103.89, JPY/INR @ 56.52. Gold@1941, Brent Crude @ 83.75, Nifty @ 19327(-58), 10 Year G-SEC @ 7.20%.
Hedging:
USDINR payables can be hedged at 82.35/82.25. Eur receivables can be hedged closer to 90.10+.
GBPINR receivables can be hedged closer to 105.
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