FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate March 5, 2024
Major developments:
USD is now at 82.91. USDINR opened at 82.91. Fwd premia – 1 year fwd premia is at 1.65% 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 |
| 4-Mar-24 | 82.89 | 104.98 | 89.9 | 55.13 |
-USDINR is at 82.91.Prior day’s close was 82.89.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.06%.
-USDINR 1 yr fwd premia is at 1.65.%.
USDINR @ 82.91, EUR/USD@ 1.0852, GBP/USD @ 1.2685, USD/JPY @ 150.55, EUR/INR @ 89.97, GBP/INR @ 105.18, JPY/INR @ 55.08. Gold@2115, Brent Crude @ 82.65, Nifty @ 22288(-117), 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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