FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate February 20, 2024
Major developments:
USD is now at 82.99. USDINR opened at 83.01. Fwd premia – 1 year fwd premia is at 1.78% p.a.
-US FOMC minutes is the focus event for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 16-Feb-24 | 83.04 | 104.48 | 89.35 | 55.26 |
-USDINR is at 82.99.Prior day’s close was 83.01.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.09%.
-USDINR 1 yr fwd premia is at 1.78.%.
USDINR @ 82.99, EUR/USD@ 1.0770, GBP/USD @ 1.2586, USD/JPY @ 150.32, EUR/INR @ 89.39, GBP/INR @ 104.45, JPY/INR @ 55.20. Gold@2019, Brent Crude @ 83.45, Nifty @ 22120(), 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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