FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate January 10, 2024
Major developments:
USD is now at 83.17. USDINR opened at 83.14. Fwd premia – 1 year fwd premia is at 1.81% p.a.
-Indian CPI, IIP and US CPI are key events for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
9-Jan-24 |
83.13 |
105.92 |
91.05 |
57.75 |
-USDINR is at 83.17.Prior day’s close was 83.13.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.19%.
-USDINR 1 yr fwd premia is at 1.81%.
USDINR @ 83.17, EUR/USD@ 1.0933, GBP/USD @ 1.2704, USD/JPY @ 144.80, EUR/INR @ 90.93, GBP/INR @ 105.65 JPY/INR @ 57.45. Gold@2030, Brent Crude @ 78, Nifty @ 21528(+4), 10 Year G-SEC @ 7.19%.
Hedging:
USDINR payables can be hedged on dips to 83.03/82.92 .
USD EXPORTS can be hedged at 83.35/83.40.
Eur receivables can be hedged now .
GBPINR receivables can be hedged now.
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