FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate July 24, 2024
Major developments:
USD is now at 83.70. USDINR opened at 83.70. Fwd premia – 1 year fwd premia is at 1.75% p.a.
-US GDP and Core PCE index are important data releases for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
23-Jul-24 |
83.66 |
108.07 |
91.05 |
53.45 |
-USDINR is at 83.70.Prior day’s close was 83.72.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.08%.
-USDINR 1 yr fwd premia is at 1.75%.
USDINR @ 83.70, EUR/USD@ 1.0843, GBP/USD @ 1.2884, USD/JPY @ 154.65, EUR/INR @ 90.78, GBP/INR @ 107.85, JPY/INR @ 54.12. Gold@2415, Brent Crude @ 81.40, Nifty @ 24370(-106), 10 Year G-SEC @ 7.08%.
Hedging:
USDINR receivables can be hedged.
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