FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate March 4, 2024
Major developments:
USD is now at 82.89. USDINR opened at 82.86. Fwd premia – 1 year fwd premia is at 1.66% p.a.
-ECB rate decision, US ISM (services) and employment data are key events for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 1-Mar-24 | 82.87 | 104.65 | 89.57 | 55.11 |
-USDINR is at 82.89.Prior day’s close was 82.91.
-Indian Equity indices surge.
-Indian 10 year G-SEC yield is at 7.05%.
-USDINR 1 yr fwd premia is at 1.66.%.
USDINR @ 82.89, EUR/USD@ 1.0846, GBP/USD @ 1.2666, USD/JPY @ 150.24, EUR/INR @ 89.68, GBP/INR @ 104.98, JPY/INR @ 55.16. Gold@2081, Brent Crude @ 83.55, Nifty @ 22414(+37), 10 Year G-SEC @ 7.06%.
Hedging:
USDINR payables can be hedged at 82.85 . USD EXPORTS can be hedged at 82.96/83.10.
Eur receivables can be hedged at 90.10 . GBPINR receivables can be hedged now.
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