FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate June 6, 2024
Major developments:
USD is now at 83.46. USDINR opened at 83.40. Fwd premia – 1 year fwd premia is at 1.61% p.a.
-US employment data is the crucial event for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
5-Jun-24 |
83.39 |
106.45 |
90.67 |
53.53 |
-USDINR is at 83.46.Prior day’s close was 83.44.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.042.
-USDINR 1 yr fwd premia is at 1.61%.
USDINR @ 83.46, EUR/USD@ 1.0886, GBP/USD @ 1.2794, USD/JPY @ 155.94, EUR/INR @ 90.85, GBP/INR @ 106.77, JPY/INR @ 53.53. Gold@2366, Brent Crude @ 79, Nifty @ 22873(+250), 10 Year G-SEC @ 7.02%.
Hedging:
USDINR receivables can be hedged now.
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