{"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
USD is now at 82.43. USDINR opened at 82.36. Fwd\u00a0premia \u2013\u00a01\u00a0year\u00a0fwdpremia is at 1.60% p.a. -USDINR is at 82.43.<\/strong> Prior day\u2019s close was 82.22.-Indian Equity indices climb.<\/strong><\/p> -Indian 10 year G-SEC yield is at 7.13%.<\/strong><\/p> -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>
-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 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>
-US employment, ISM(services) data, ADP employment report are important events for the week.<\/strong>
RBI ref rates<\/strong><\/p>\u00a0 <\/td><\/tr><\/tbody><\/table><\/figure>