FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate February 6, 2024
Major developments:
USD is now at 83.04. USDINR opened at 83.03. Fwd premia – 1 year fwd premia is at 1.78% p.a.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
5-Feb-24 |
83.02 |
104.73 |
89.52 |
55.98 |
-USDINR is at 83.04.Prior day’s close was 83.04.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.07%.
-USDINR 1 yr fwd premia is at 1.78%.
USDINR @ 83.04, EUR/USD@ 1.0750, GBP/USD @ 1.2553, USD/JPY @ 148.48, EUR/INR @ 89.26, GBP/INR @ 104.23, JPY/INR @ 55.92. Gold@2026, Brent Crude @ 78, Nifty @ 21830(+59), 10 Year G-SEC @ 7.07%.
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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