FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate March 19, 2024
Major developments:
USD is now at 82.93. USDINR opened at 82.93. Fwd premia – 1 year fwd premia is at 1.57% p.a.
-US Fed meeting is the key event.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
18-Mar-24 |
82.91 |
105.58 |
90.27 |
55.9 |
-USDINR is at 82.93.Prior day’s close was 82.91.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.08%.
-USDINR 1 yr fwd premia is at 1.57.%.
USDINR @ 82.93, EUR/USD@ 1.0873, GBP/USD @ 1.2720, USD/JPY @ 149.86, EUR/INR @ 90.16, GBP/INR @ 105.48, JPY/INR @ 55.35. Gold@2161, Brent Crude @ 86.75, Nifty @ 21892(-163), 10 Year G-SEC @ 7.08%.
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.
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999