FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate March 11, 2024
Major developments:
USD is now at 82.68. USDINR opened at 82.73. Fwd premia – 1 year fwd premia is at 1.70% p.a.
-Indian IIP, CPI are important domestic releases for the day.
-US CPI and retail sales are important Global data events for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 7-Mar-24 | 82.78 | 105.4 | 90.23 | 55.7 |
-USDINR is at 82.68.Prior day’s close was 82.73.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.01%.
-USDINR 1 yr fwd premia is at 1.70.%.
USDINR @ 82.68, EUR/USD@ 1.0941, GBP/USD @ 1.2849, USD/JPY @ 147.90, EUR/INR @ 90.40, GBP/INR @ 106.25, JPY/INR @ 56.24. Gold@2177, Brent Crude @ 81.65, Nifty @ 22419(-72), 10 Year G-SEC @ 7.01%.
Hedging:
USDINR payables can be hedged at 82.60 . USD EXPORTS can be hedged at 82.85/82.95.
Eur receivables can be hedged . GBPINR receivables can be hedged now.
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