FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate March 20, 2024
Major developments:
USD is now at 83.08. USDINR opened at 83. Fwd premia – 1 year fwd premia is at 1.61% p.a.
-US Fed meeting is the key event.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
19-Mar-24 |
82.94 |
105.41 |
90.13 |
55.17 |
-USDINR is at 83.08.Prior day’s close was 82.94.
-Indian Equity indices recover.
-Indian 10 year G-SEC yield is at 7.10%.
-USDINR 1 yr fwd premia is at 1.61.%.
USDINR @ 83.08, EUR/USD@ 1.0869, GBP/USD @ 1.2721, USD/JPY @ 151.55, EUR/INR @ 90.30, GBP/INR @ 105.71, JPY/INR @ 54.84. Gold@2160, Brent Crude @ 87.30, Nifty @ 21840(+25), 10 Year G-SEC @ 7.10%.
Hedging:
USDINR receivables can be hedged .
Eur receivables can be hedged . GBPINR receivables can be hedged now.
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