FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate May 31, 2024
Major developments:
USD is now at 83.29. USDINR opened at 83.25. 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 day.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
30-May-24 |
83.42 |
105.86 |
90.05 |
53.18 |
-USDINR is at 83.29.Prior day’s close was 83.29.
-Indian Equity indices recover marginally.
-Indian 10 year G-SEC yield is at 7%.
-USDINR 1 yr fwd premia is at 1.67%.
USDINR @ 83.29, EUR/USD@ 1.0819, GBP/USD @ 1.2721, USD/JPY @ 156.70, EUR/INR @ 90.10, GBP/INR @ 105.95, JPY/INR @ 53.14. Gold@2343, Brent Crude @ 81.75, Nifty @ 22500(+11), 10 Year G-SEC @ 7%.
Hedging: USDINR receivables can be hedged at 83.40.
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