FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate March 14, 2024
Major developments:
USD is now at 82.87. USDINR opened at 82.85. Fwd premia – 1 year fwd premia is at 1.62% p.a.
-US retail sales is in focus.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
13-Mar-24 |
82.9 |
106.06 |
90.59 |
56.19 |
-USDINR is at 82.87.Prior day’s close was 82.84.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.04%.
-USDINR 1 yr fwd premia is at 1.62.%.
USDINR @ 82.87, EUR/USD@ 1.0939, GBP/USD @ 1.2793, USD/JPY @ 147.87, EUR/INR @ 90.65, GBP/INR @ 106.01, JPY/INR @ 56.04. Gold@2173, Brent Crude @ 84, Nifty @ 22170(+72), 10 Year G-SEC @ 7.04%.
Hedging:
USDINR payables can be hedged at 82.60 . USD EXPORTS can be hedged at 82.90+.
Eur receivables can be hedged . GBPINR receivables can be hedged now.
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