FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate February 12, 2024
Major developments:
USD is now at 83.01. USDINR opened at 83.02. Fwd premia – 1 year fwd premia is at 1.81% p.a.
-Indian CPI, IIP in focus this week.
-US CPI and retail sales are other important global data events for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
9-Feb-24 |
83 |
104.71 |
89.4 |
55.55 |
-USDINR is at 83.Prior day’s close was 83.01.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.09%.
-USDINR 1 yr fwd premia is at 1.81.%.
USDINR @ 83.01, EUR/USD@ 1.0791, GBP/USD @ 1.2630, USD/JPY @ 149.22, EUR/INR @ 89.42, GBP/INR @ 104.83, JPY/INR @ 55.62. Gold@2023, Brent Crude @ 82, Nifty @ 21677(-105), 10 Year G-SEC @ 7.09%.
Hedging:
USDINR payables can be hedged at 82.92/82.85 . USD EXPORTS can be hedged at 83.35/83.40.
Eur payables can be hedged at 89.20/88.50 . GBPINR receivables can be hedged now.
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