FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate November 09, 2023
Major developments:
USD is now at 83.25. USDINR opened at 83.24. Fwd premia – 1 year fwd premia is at 1.52% p.a.
-USDINR fwd premia declines further with 1 year at 1.52%.
-Focus is on ECB and Fed Chief’s speeches.
-Oil prices decline further as China slips into deflation.
RBI rates
Trade Date |
1 USD |
1 GBP |
1 EUR |
100 YEN |
8-Nov-23 |
83.27 |
102.22 |
88.98 |
55.26 |
-USDINR is at 83.25.Prior day’s close was 83.28.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 7.25%.
-USDINR 1 yr fwd premia is at 1.52%.
USDINR @ 83.25, EUR/USD@ 1.0709, GBP/USD @ 1.2286, USD/JPY @ 150.91, EUR/INR @ 89.17, GBP/INR @ 102.29, JPY/INR @ 55.17. Gold@1949, Brent Crude @ 79.70, Nifty @ 19440(-2), 10 Year G-SEC @ 7.25%.
Hedging:
USDINR payables can be hedged on dipes to 83.10 . Eur receivables can be hedged now and on rally 89.70/90.10. GBPINR receivables can be hedged closer to 103.50.
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999