{"id":3012,"date":"2023-07-07T06:15:28","date_gmt":"2023-07-07T06:15:28","guid":{"rendered":"https:\/\/itzqode.info\/demo\/gwcblog\/?p=3012"},"modified":"2024-09-02T12:35:20","modified_gmt":"2024-09-02T07:05:20","slug":"fx-rates-usdinr-forward-rate-july-07-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-july-07-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3012\" class=\"elementor elementor-3012\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-684217ad elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"684217ad\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dbd7cf3\" data-id=\"dbd7cf3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1254d8b8 elementor-widget elementor-widget-text-editor\" data-id=\"1254d8b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1>FX Rates and USD INR Forward Rate July 07, 2023<\/h1><h4>Major developments:<\/h4><p><strong>USD is now at 82.43. USDINR opened at 82.36. Fwd\u00a0premia \u2013\u00a01\u00a0year\u00a0fwdpremia is at 1.60% p.a.<br \/>-Fed\u2019s minutes indicated further rate hikes. Members were concerned about inflation and tight labor market. Earlier expectation was for one rate hike in July.<br \/>-Eur\/USD fell to 1.0840.<br \/>-US Yields inched higher with 10 Year at 3.94%.<br \/>-Due to climb in US Yields, USDINR fwd premia softened to 1.6%\u00a0annualized\u00a0for 1 year.-Indian PMI(services) remained robust at 58.5. However, it has declined from May levels.<\/strong><br \/><strong>-US employment, ISM(services) data, ADP employment report are important events for the week.<\/strong><br \/><strong><br \/>RBI ref rates<\/strong><\/p><figure class=\"wp-block-table\"><table><tbody><tr><td>\u00a0<img decoding=\"async\" src=\"https:\/\/mail.google.com\/mail\/u\/0?ui=2&amp;ik=6eca472849&amp;attid=0.2&amp;permmsgid=msg-f:1770648585658238888&amp;th=18929b81e23507a8&amp;view=fimg&amp;fur=ip&amp;sz=s0-l75-ft&amp;attbid=ANGjdJ9TJ7Fbd1cvp4JeIK3LMI0ErQkCVI_9KeWQaNAhIBX72aWSrokzcT725ay50qCooueM1HKkbbspVr7powHmqww8T5-fyY6SjNUIMM5QS0NrlVSSU8ZjglP3UxE&amp;disp=emb\" \/><\/td><\/tr><\/tbody><\/table><\/figure><p><strong>-USDINR is at 82.43.<\/strong> <strong>Prior day\u2019s close was 82.22.-Indian Equity indices climb.<\/strong><\/p><p><strong>-Indian 10 year G-SEC yield is at 7.13%.<\/strong><\/p><p><strong>-USDINR 1 yr fwd premia is at 1.60%.USDINR @ 82.43,\u00a0EUR\/USD@ 1.0843, GBP\/USD @ 1.2704, USD\/JPY @ 143.89, EUR\/INR @ 89.38,\u00a0GBP\/INR @ 104.72,\u00a0JPY\/INR @ 57.28Gold@1925, Brent Crude @ 76.40, Nifty @ 19453(+54), 10 Year G-SEC @ 7.13%.<\/strong><\/p><p><strong>Click to open an Account<\/strong>\u00a0:\u00a0<a href=\"https:\/\/ekyc.gwcindia.in\/client\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/ekyc.gwcindia.in\/client\/<\/a><\/p><p><strong>For all your investment needs feel free to reach us.<\/strong><\/p><p><strong>Give us Missed Call us on 90037 90027 . For Support : 044-40329999<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Major developments: USD is now at 82.43. USDINR opened at 82.36. Fwd\u00a0premia \u2013\u00a01\u00a0year\u00a0fwdpremia is at 1.60% p.a. -Fed\u2019s minutes indicated further rate hikes. Members were concerned about inflation and tight labor market. Earlier expectation was for one rate hike in July. -Eur\/USD fell to 1.0840. -US Yields inched higher with 10 Year at 3.94%. -Due [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3162,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=3012"}],"version-history":[{"count":5,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3012\/revisions"}],"predecessor-version":[{"id":9339,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3012\/revisions\/9339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/3162"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=3012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=3012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=3012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}