FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate January 29, 2024
Major developments:
USD is now at 83.14. USDINR opened at 83.14. Fwd premia – 1-year fwd premia is at 1.87% p.a.
-Indian Budget will take center stage this week.
-Focus is on US Fed meeting, ISM(mfrg) and employment data
-EU CPI data is due for release.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 25-Jan-24 | 83.115 | 105.65 | 90.41 | 56.23 |
-USDINR is at 83.14.Prior day’s close was 83.115.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.18%.
-USDINR 1 yr fwd premia is at 1.87%.
USDINR @ 83.14, EUR/USD@ 1.0845, GBP/USD @ 1.2708, USD/JPY @ 148.07, EUR/INR @ 90.30, GBP/INR @ 105.65, JPY/INR @ 56.15. Gold@2026, Brent Crude @ 83.45, Nifty @ 21572(+222), 10 Year G-SEC @ 7.18%.
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 now .
GBPINR
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