FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate July 12, 2024
Major developments:
USD is now at 83.52. USDINR opened at 83.53. Fwd premia – 1 year fwd premia is at 1.66% p.a.
-US CPI declined -0.1% m/m, lowest in last 3 years.
-US CPI climbed only 2.1% in last 3 months y/y.
-USD declined against majors.
-Indian Equities continue to climb.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
11-Jul-24 |
83.53 |
107.44 |
90.52 |
51.65 |
-USDINR is at 83.52.Prior day’s close was 83.59.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.97%.
-USDINR 1 yr fwd premia is at 1.66%.
USDINR @ 83.52, EUR/USD@ 1.0869, GBP/USD @ 1.2912, USD/JPY @ 159.05, EUR/INR @ 90.78, GBP/INR @ 107.84, JPY/INR @ 52.51. Gold@2406, Brent Crude @ 85.50, Nifty @ 24550(+231), 10 Year G-SEC @ 6.97%.
Hedging:
USDINR receivables can be hedged at 83.60+.
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