FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate February 26, 2024
Major developments:
USD is now at 82.89. USDINR opened at 82.88. Fwd premia – 1 year fwd premia is at 1.75% p.a.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EUR | 100 YEN |
| 23-Feb-24 | 82.89 | 104.95 | 89.71 | 55.03 |
-USDINR is at 82.89.Prior day’s close was 82.93.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.05%.
-USDINR 1 yr fwd premia is at 1.75.%.
USDINR @ 82.89, EUR/USD@ 1.0824, GBP/USD @ 1.2668, USD/JPY @ 150.39, EUR/INR @ 89.72, GBP/INR @ 105, JPY/INR @ 55.11. Gold@2033, Brent Crude @ 80.45, Nifty @ 22129(-82), 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
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