FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate May 22, 2024
Major developments:
USD is now at 83.25. USDINR opened at 83.30. Fwd premia – 1-year fwd premia is at 1.70% p.a.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
21-May-24 |
83.36 |
106 |
53.35 |
90.55 |
-USDINR is at 83.25.Prior day’s close was 83.32.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.03%.
-USDINR 1 yr fwd premia is at 1.70%.
USDINR @ 83.25, EUR/USD@ 1.0856, GBP/USD @ 1.2713, USD/JPY @ 156.32, EUR/INR @ 90.34, GBP/INR @ 105.83, JPY/INR @ 53.25. Gold@2413, Brent Crude @ 82.25, Nifty @ 22535(+7), 10 Year G-SEC @ 7.03%.
Hedging:
USDINR receivables can be hedged at 83.50/83.70.
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