FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate May 21, 2024
Major developments:
USD is now at 83.33. USDINR opened at 83.31. Fwd premia – 1 year fwd premia is at 1.70% p.a.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
17-May-24 |
83.48 |
105.72 |
90.68 |
53.63 |
-USDINR is at 83.33.Prior day’s close was 83.37.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.09%.
-USDINR 1 yr fwd premia is at 1.70%.
USDINR @ 83.33, EUR/USD@ 1.0860, GBP/USD @ 1.2713, USD/JPY @ 156.35, EUR/INR @ 90.51, GBP/INR @ 105.94, JPY/INR @ 53.30. Gold@2415, Brent Crude @ 83, Nifty @ 22502(+0), 10 Year G-SEC @ 7.08%.
Hedging :
USDINR receivables can be hedged at 83.70.
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