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  • July 11, 2024

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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