FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate June 18, 2024
Major developments:
USD is now at 83.50. USDINR opened at 83.52. Fwd premia – 1 year fwd premia is at 1.59% p.a.
-US retail sales and EU CPI are important data events for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
14-Jun-24 |
83.55 |
106.37 |
89.55 |
52.89 |
-USDINR is at 83.50.Prior day’s close was 83.54.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.99%.
-USDINR 1 yr fwd premia is at 1.59%.
USDINR @ 83.50, EUR/USD@ 1.0721, GBP/USD @ 1.2694, USD/JPY @ 157.68, EUR/INR @ 89.52, GBP/INR @ 105.98, JPY/INR @ 52.95. Gold@2321, Brent Crude @ 84.10, Nifty @ 23549(+83), 10 Year G-SEC @ 6.99%.
Hedging:
USDINR receivables can be hedged at 83.55+.
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