FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate February 21, 2024
Major developments:
USD is now at 82.90. USDINR opened at 82.90. Fwd premia – 1 year fwd premia is at 1.74% p.a.
-US FOMC minutes is the focus event for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
20-Feb-24 |
82.97 |
104.42 |
89.36 |
55.17 |
-USDINR is at 82.90.Prior day’s close was 82.96.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.05%.
-USDINR 1 yr fwd premia is at 1.74.%.
USDINR @ 82.90, EUR/USD@ 1.0816, GBP/USD @ 1.2633, USD/JPY @ 150, EUR/INR @ 89.65, GBP/INR @ 104.72, JPY/INR @ 55.26. Gold@2031, Brent Crude @ 82.65, Nifty @ 22203(+5), 10 Year G-SEC @ 7.05%.
Hedging:
USDINR payables can be hedged at 82.85 . USD EXPORTS can be hedged at 83.18/83.35.
Eur receivables can be hedged at 89.70/90.10 . GBPINR receivables can be hedged at 105+.
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