FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate March 6, 2024
Major developments:
USD is now at 82.90. USDINR opened at 82.90. Fwd premia – 1 year fwd premia is at 1.66% p.a.
-ECB rate decision, and employment data are key events for the week.
-Fed Chairman’s testimony will be watched.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 5-Mar-24 | 82.93 | 105.14 | 89.97 | 55.09 |
-USDINR is at 82.90.Prior day’s close was 82.90.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.05%.
-USDINR 1 yr fwd premia is at 1.66.%.
USDINR @ 82.90, EUR/USD@ 1.0855, GBP/USD @ 1.2704, USD/JPY @ 149.93, EUR/INR @ 90, GBP/INR @ 105.32, JPY/INR @ 55.30. Gold@2126, Brent Crude @ 82.30, Nifty @ 22242(-113), 10 Year G-SEC @ 7.05%.
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.
Click to open an Account : https://ekyc.gwcindia.in/client/
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999