FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate May 7, 2024
Major developments:
USD is now at 83.50. USDINR opened at 83.45. Fwd premia – 1 year fwd premia is at 1.68% p.a.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EURO |
100 YEN |
6-May-24 |
83.47 |
104.78 |
89.83 |
54.28 |
-USDINR is at 83.50.Prior day’s close was 83.48.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.11%.
-USDINR 1 yr fwd premia is at 1.67%.
USDINR @ 83.50, EUR/USD@ 1.0768, GBP/USD @ 1.2553, USD/JPY @ 154.50, EUR/INR @ 89.90, GBP/INR @ 104.81, JPY/INR @ 54.04. Gold@2321, Brent Crude @ 83.50, Nifty @ 22323(-119), 10 Year G-SEC @ 7.11%.
Hedging:
USDINR receivables can be hedged at 83.70.
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