FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate January 17, 2024
Major developments:
USD is now at 83.12. USDINR opened at 83.14. Fwd premia – 1 year fwd premia is at 1.90% p.a.
-Focus is on US retail sales.
-Chinese Q4 GDP climbed 5.2%.
-Euro declines below important support level against USD.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 16-Jan-24 | 82.98 | 105.23 | 90.61 | 56.79 |
-USDINR is at 83.12.Prior day’s close was 83.13.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.15%.
-USDINR 1 yr fwd premia is at 1.90%.
USDINR @ 83.12, EUR/USD@ 1.0865, GBP/USD @ 1.2611, USD/JPY @ 147.45, EUR/INR @ 90.29, GBP/INR @ 104.81, JPY/INR @ 56.36. Gold@2020, Brent Crude @ 78, Nifty @ 21738(-291), 10 Year G-SEC @ 7.15%.
Hedging:
USDINR payables can be hedged at 82.92/82.85 .
USD EXPORTS can be hedged at 83.35/83.40.
Eur receivables can be hedged now .
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