{"id":3574,"date":"2023-09-01T11:33:44","date_gmt":"2023-09-01T06:03:44","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=3574"},"modified":"2024-09-02T11:56:12","modified_gmt":"2024-09-02T06:26:12","slug":"fx-rates-usdinr-forward-rate-september-1-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-september-1-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate September 1, 2023<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
\u00a0<\/div>\r\n
USD is now at 82.68. USDINR opened at 82.61. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fwd <\/span><\/span><\/strong>premia is at 1.63% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Indian Q1 GDP climbed 7.8%, with significant improvement in private consumption and <\/span><\/b>capex. Private consumption grew by 6% y\/y and Gross Capital fixed formation climbed 8%\u00a0<\/span><\/b>y\/y. Agri, Construction and services sector growth were robust. Mfrg growth showed <\/span><\/b>deceleration.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-US Core PCE index climbed 0.2% m\/m and grew by 4.2% y\/y.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-USD employment and ISM(mfrg) data are important data events for the day.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
USDINR View: USDINR has supports at 82.50. Resistance is now at 82.86.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
RBI rates<\/span><\/b><\/div>\r\n
\r\n<\/colgroup>\r\n\r\n\r\n\r\n
\u00a0Trade Date<\/strong><\/td>\r\n1 USD<\/strong><\/td>\r\n1 GBP<\/strong><\/td>\r\n1EUR<\/strong><\/td>\r\n100 YEN<\/strong><\/td>\r\n<\/tr>\r\n
31-Aug-23<\/strong><\/td>\r\n82.67<\/strong><\/td>\r\n90.22<\/strong><\/td>\r\n105.09<\/strong><\/td>\r\n56.63<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 82.68.Prior day’s close was 82.77.<\/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 7.17%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.63%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 82.68,<\/b>\u00a0EUR\/USD@ 1.0846, GBP\/USD @ 1.2668, USD\/JPY @ 145.51<\/b>, EUR\/INR @ 89.67,\u00a0<\/b>GBP\/INR @ 104.73,\u00a0<\/b>JPY\/INR @ 56.82.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Gold@1965, Brent Crude @ 87, Nifty @ 19312(+59), 10 Year G-SEC @ 7.17%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged at 82.50.<\/b>\u00a0Eur receivables can be hedged. <\/b><\/div>\r\n
GBPINR<\/b>\u00a0receivables can be hedged closer to\u00a0<\/b>105.50\/106.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
\r\n
Click to open an Account<\/strong>\u00a0:\u00a0https:\/\/ekyc.gwcindia.in\/client\/<\/a><\/div>\r\n
\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>\r\n<\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"

FX Rates and USD INR Forward Rate September 1, 2023 Major developments: \u00a0 USD is now at 82.68. USDINR opened at 82.61. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.63% p.a.\u00a0 \u00a0 -Indian Q1 GDP climbed 7.8%, with significant improvement in private consumption and capex. Private consumption grew by 6% y\/y and Gross Capital fixed formation climbed […]<\/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-3574","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\/3574","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=3574"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3574\/revisions"}],"predecessor-version":[{"id":9312,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3574\/revisions\/9312"}],"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=3574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=3574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=3574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}