By Goodwill
FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate November 16, 2023
Major developments:
USD is now at 83.20. USDINR opened at 83.20. Fwd premia – 1 year fwd premia is at 1.56% p.a.
-US retail sales and PPI softened.
-UK inflation fell steeply.
-Brent crude declined to USD 80.
RBI rates
-USDINR is at 83.20.Prior day’s close was 83.10.
-Indian Equity indices climb marginally.
-Indian 10 year G-SEC yield is at 7.23%.
-USDINR 1 yr fwd premia is at 1.56%.
USDINR @ 83.20, EUR/USD@ 1.0837, GBP/USD @ 1.2393, USD/JPY @ 151.25, EUR/INR @ 90.17, GBP/INR @ 103.13, JPY/INR @ 55.01. Gold@1962, Brent Crude @ 80.60, Nifty @ 19713(+38), 10 Year G-SEC @ 7.23%.
Hedging:
USDINR payables can be hedged on dipes to 83.10 . Eur receivables can be hedged now . GBPINR receivables can be hedged now.
Click to open an Account : https://ekyc.gwcindia.in/client/
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999