FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate May 10, 2024
Major developments:
USD is now at 83.49. USDINR opened at 83.48. Fwd premia – 1 year fwd premia is at 1.68% p.a.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
9-May-24 |
83.5 |
104.2 |
89.67 |
53.6 |
-USDINR is at 83.49.Prior day’s close was 83.50.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.11%.
-USDINR 1 yr fwd premia is at 1.68%.
USDINR @ 83.49, EUR/USD@ 1.0797, GBP/USD @ 1.2527, USD/JPY @ 155.56, EUR/INR @ 90, GBP/INR @ 104.58, JPY/INR @ 53.67. Gold@2358, Brent Crude @ 84.45, Nifty @ 22064(+107), 10 Year G-SEC @ 7.11%.
Hedging:
USDINR receivables can be hedged at 83.70.
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