FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate June 28, 2024
USD is now at 83.58. USDINR opened at 83.41. Fwd premia – 1 year fwd premia is at 1.64% p.a.
-Focus is on US PCE data.
-Fed member said that it is not appropriate to cut rates now as inflation risks remain.
-Indian Equity markets continue to climb in anticipation of important economic decisions in budget.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
27-Jun-24 |
83.49 |
105.51 |
89.28 |
52.05 |
-USDINR is at 83.45.Prior day’s close was 83.45.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.99%.
-USDINR 1 yr fwd premia is at 1.64%.
USDINR @ 83.45, EUR/USD@ 1.0688, GBP/USD @ 1.2624, USD/JPY @ 161.12, EUR/INR @ 89.18, GBP/INR @ 105.36, JPY/INR @ 51.79. Gold@2320, Brent Crude @ 85.65, Nifty @ 24158(+114), 10 Year G-SEC @ 6.99%.
Hedging:
USDINR receivables can be hedged at 83.60+.
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