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  • June 27, 2024

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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