FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate July 1, 2024
Major developments:
USD is now at 83.43. USDINR opened at 83.39. Fwd premia – 1 year fwd premia is at 1.64% p.a.
-Focus is on US employment and Global ISM data.
-Indian Equity markets continue to climb in anticipation of important economic decisions in budget.
-FII’S invested Rs 24500 Cr in Equities and Rs 15500 Cr in debt in June.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 28-Jun-24 | 83.45 | 105.46 | 89.25 | 51.86 |
-USDINR is at 83.43.Prior day’s close was 83.38.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.01%.
-USDINR 1 yr fwd premia is at 1.64%.
USDINR @ 83.43, EUR/USD@ 1.0756, GBP/USD @ 1.2671, USD/JPY @ 161.05, EUR/INR @ 89.75, GBP/INR @ 105.73, JPY/INR @ 51.80. Gold@2324, Brent Crude @ 85.60, Nifty @ 24035(+112), 10 Year G-SEC @ 7.01%.
Hedging: USDINR receivables can be hedged at 83.60+.
Click to open an Account : https://ekyc.gwcindia.in/client/
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999