FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate July 11, 2024
Major developments:
USD is now at 83.51. USDINR opened at 83.51. Fwd premia – 1 year fwd premia is at 1.65% p.a.
-Focus is on Indian and US CPI data.
RBI rates
Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
10-Jul-24 | 83.49 | 106.8 | 90.32 | 51.72 |
-USDINR is at 83.52.Prior day’s close was 83.51.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.98%.
-USDINR 1 yr fwd premia is at 1.65%.
USDINR @ 83.52, EUR/USD@ 1.0839, GBP/USD @ 1.2864, USD/JPY @ 161.74, EUR/INR @ 90.52, GBP/INR @ 107.43, JPY/INR @ 51.63. Gold@2382, Brent Crude @ 85.75, Nifty @ 24261(-63), 10 Year G-SEC @ 6.98%.
Hedging:
USDINR receivables can be hedged at 83.60+..
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