FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate December 22, 2023
Major developments:
USD is now at 83.28. USDINR opened at 83.27. Fwd premia – 1 year fwd premia is at 1.78% p.a.
– No major developments expected this week. Market is expected to be thin.
USDINR outlook: Exporters can hedge and importers can wait to hedge at around 82.80 zone.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 27-Dec-23 | 83.22 | 106.08 | 92.01 | 58.41 |
-USDINR is at 83.28.Prior day’s close was 83.33.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.20%.
-USDINR 1 yr fwd premia is at 1.78%.
USDINR @ 83.28, EUR/USD@ 1.1116, GBP/USD @ 1.2815, USD/JPY @ 141.28, EUR/INR @ 92.58, GBP/INR @ 106.73, JPY/INR @ 58.95. Gold@2086, Brent Crude @ 79.50, Nifty @ 21707(+52), 10 Year G-SEC @ 7.20%.
Hedging:
USDINR payables can be hedged on dips to 83.27/83.30 .
Eur receivables can be hedged now .
GBPINR receivables can be hedged now.
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