FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate January 5, 2024
Major developments:
USD is now at 83.14. USDINR opened at 83.24. Fwd premia – 1 year fwd premia is at 1.77% p.a.
-US employment data is the focus now. ISM(services) and EU CPI are other important data releases for the day.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 4-Jan-24 | 83.3 | 105.55 | 90.99 | 57.99 |
-USDINR is at 83.14.Prior day’s close was 83.25.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.22%.
-USDINR 1 yr fwd premia is at 1.77%.
USDINR @ 83.14, EUR/USD@ 1.0937, GBP/USD @ 1.2675, USD/JPY @ 144.72, EUR/INR @ 90.93, GBP/INR @ 105.38, JPY/INR @ 57.45. Gold@2045, Brent Crude @ 78, Nifty @ 21689(+31), 10 Year G-SEC @ 7.22%.
Hedging:
USDINR payables can be hedged on dips to 83.10 .
USD EXPORTS can be hedged at 83.35/83.40.
Eur receivables can be hedged now .
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