FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate May 14, 2024
Major developments:
USD is now at 83.51. USDINR opened at 83.51. Fwd premia – 1 year fwd premia is at 1.67% p.a.
-CPI inched lower to 4.83% in April. Core CPI declined to 3.2%.
-US PPI and CPI are important data events for the week.
RBI rates
Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
13-May-24 | 83.52 | 104.64 | 89.98 | 53.6 |
-USDINR is at 83.51.Prior day’s close was 83.51.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.11%.
-USDINR 1 yr fwd premia is at 1.67%.
USDINR @ 83.51, EUR/USD@ 1.0787, GBP/USD @ 1.2560, USD/JPY @ 156.47, EUR/INR @ 90.09, GBP/INR @ 104.89, JPY/INR @ 53.37. Gold@2345, Brent Crude @ 83.45, Nifty @ 22174(+71), 10 Year G-SEC @ 7.11%.
Hedging: USDINR receivables can be hedged at 83.70.
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