FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate February 15, 2024
Major developments:
USD is now at 83.02. USDINR opened at 82.99. Fwd premia – 1 year fwd premia is at 1.76% p.a.
-US retail sales data is expected later tonight.
-USD remains steady against Rupee, but strong against Euro.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 14-Feb-24 | 83.08 | 104.77 | 89.05 | 55.22 |
-USDINR is at 83.02.Prior day’s close was 83.02.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.09%.
-USDINR 1 yr fwd premia is at 1.76.%.
USDINR @ 83.02, EUR/USD@ 1.0726, GBP/USD @ 1.2564, USD/JPY @ 150.14, EUR/INR @ 89.03, GBP/INR @ 104.29, JPY/INR @ 55.28. Gold@1991, Brent Crude @ 81.20, Nifty @ 21893(+53), 10 Year G-SEC @ 7.09%.
Hedging:
USDINR payables can be hedged at 82.92/82.85 . USD EXPORTS can be hedged at 83.18/83.35.
Eur payables can be hedged at 88.50 . GBPINR receivables can be hedged at 105+.
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