FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate March 12, 2024
Major developments:
USD is now at 82.76. USDINR opened at 82.75. Fwd premia – 1 year fwd premia is at 1.70% p.a.
-Indian IIP, CPI are important domestic releases.
-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 |
11-Mar-24 |
82.68 |
90.44 |
106.24 |
56.25 |
-USDINR is at 82.76.Prior day’s close was 82.76.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.01%.
-USDINR 1 yr fwd premia is at 1.70.%.
USDINR @ 82.76, EUR/USD@ 1.0938, GBP/USD @ 1.2820, USD/JPY @ 147.36, EUR/INR @ 90.52, GBP/INR @ 106.08, JPY/INR @ 56.16. Gold@2179, Brent Crude @ 82.45, Nifty @ 22445(+112), 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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