{"id":3440,"date":"2023-08-24T11:23:48","date_gmt":"2023-08-24T05:53:48","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=3440"},"modified":"2024-08-31T17:36:57","modified_gmt":"2024-08-31T12:06:57","slug":"fx-rates-usdinr-forward-rate-august-24-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-august-24-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate August 24, 2023<\/span><\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 82.42. USDINR opened at 82.47. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.66% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
\u00a0<\/span><\/b>-Rupee gained due to 1) IPO and Qatar investment inflows for Reliance retail investment,\u00a0<\/span><\/b>2) RBI’S instruction to Indian banks to avoid taking arbitrage positions between Indian OTC\u00a0<\/span><\/b>and Overseas NDF market. This has led to foreign banks selling USD to square-off positions.<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices climb higher.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-US, EU and UK PMI(composite) data shows economic deterioration.<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR View: USDINR has supports at 82.35\/82.25. Resistance is now at 82.70\/82.86.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
RBI rates<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 82.42.Prior day’s close was 82.73.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices climb.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian 10 year G-SEC yield is at 7.18%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.66%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 82.42,<\/b>\u00a0EUR\/USD@ 1.0867, GBP\/USD @ 1.2718, USD\/JPY @ 145.18<\/b>, EUR\/INR @ 89.55,\u00a0<\/b>GBP\/INR @ 104.82,\u00a0<\/b>JPY\/INR @ 56.78. <\/b>Gold@1950, Brent Crude @ 83, Nifty @ 19563(+118), 10 Year G-SEC @ 7.18%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging: USDINR paybles can be hedged at 82.35\/82.25. EURINR payables can be hedged till 89 is\u00a0<\/b>not broken on the <\/b>downside. Eur receivables can be hedged closer to 90.10+. <\/b>GBPINR receivables can be hedged closer to\u00a0<\/b>106.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Click to open an Account<\/strong>\u00a0:\u00a0https:\/\/ekyc.gwcindia.in\/client\/<\/a><\/div>\r\n
\r\n\r\nFor all your investment needs feel free to reach us.<\/strong><\/div>\r\n
\r\n\r\nGive us Missed Call us on 90037 90027 . For Support : 044-40329999<\/strong><\/div>","protected":false},"excerpt":{"rendered":"

FX Rates and USD INR Forward Rate August 24, 2023 Major developments: USD is now at 82.42. USDINR opened at 82.47. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.66% p.a.\u00a0 \u00a0 \u00a0-Rupee gained due to 1) IPO and Qatar investment inflows for Reliance retail investment,\u00a02) RBI’S instruction to Indian banks to avoid taking arbitrage positions between Indian […]<\/p>\n","protected":false},"author":6,"featured_media":3162,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-3440","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-currency-update","post_format-post-format-image"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3440","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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=3440"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3440\/revisions"}],"predecessor-version":[{"id":9012,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3440\/revisions\/9012"}],"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=3440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=3440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=3440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}