FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate May 28, 2024
Major developments:
USD is now at 83.15. USDINR opened at 83.08. Fwd premia – 1 year fwd premia is at 1.67% p.a.
-US Personal income, spending and Core PCE data are important data releases for the week.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
24-May-24 |
83.08 |
105.82 |
90.11 |
52.98 |
-USDINR is at 83.15.Prior day’s close was 83.135.
-Indian Equity indices climb higher.
-Indian 10 year G-SEC yield is at 6.99%.
-USDINR 1 yr fwd premia is at 1.67%.
USDINR @ 83.15, EUR/USD@ 1.0877, GBP/USD @ 1.2775, USD/JPY @ 156.87, EUR/INR @ 90.43, GBP/INR @ 106.22, JPY/INR @ 53. Gold@2342, Brent Crude @ 83, Nifty @ 22952(+19), 10 Year G-SEC @ 6.99%.
Hedging:
USDINR receivables can be hedged at 83.28/83.40.
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