FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate June 27, 2024
Major developments:
USD is now at 83.49. USDINR opened at 83.53. Fwd premia – 1 year fwd premia is at 1.63% p.a.
-Bond inflows are expected tomorrow. Inclusion of Indian bonds by JP Morgan and FTSE could induce US 20 bn inflows over 1 year.
-FII Equity inflows are also on the increase.
-US PCE data is the crucial event for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
26-Jun-24 |
83.54 |
105.96 |
89.41 |
52.27 |
-USDINR is at 83.49.Prior day’s close was 83.58.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.99%.
-USDINR 1 yr fwd premia is at 1.62%.
USDINR @ 83.49, EUR/USD@ 1.0694, GBP/USD @ 1.2638, USD/JPY @ 160.40, EUR/INR @ 89.30, GBP/INR @ 105.51, JPY/INR @ 52.05. Gold@2299, Brent Crude @ 84.40, Nifty @ 23946(+79), 10 Year G-SEC @ 6.99%.
Hedging: USDINR receivables can be hedged at 83.60+.
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