FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate January 24, 2024
Major developments:
USD is now at 83.15. USDINR opened at 83.145. Fwd premia – 1 year fwd premia is at 1.87% p.a.
-Focus is on US Core PCE index and GDP data,
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
23-Jan-24 |
83.1 |
105.84 |
90.6 |
56.11 |
-USDINR is at 83.15.Prior day’s close was 83.15.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.17%.
-USDINR 1 yr fwd premia is at 1.87%.
USDINR @ 83.15, EUR/USD@ 1.0861, GBP/USD @ 1.2698, USD/JPY @ 147.99, EUR/INR @ 90.30, GBP/INR @ 105.57, JPY/INR @ 56.19. Gold@2023, Brent Crude @ 79.40, Nifty @ 21383(+144), 10 Year G-SEC @ 7.17%.
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 .
GBPINR receivables can be hedged now.
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