{"id":3698,"date":"2023-09-07T12:10:06","date_gmt":"2023-09-07T06:40:06","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=3698"},"modified":"2024-09-02T11:33:51","modified_gmt":"2024-09-02T06:03:51","slug":"fx-rates-usdinr-forward-rate-september-7-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-september-7-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate September 7, 2023<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
\u00a0<\/div>\r\n
USD is now at 83.15. USDINR opened at 83.12. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fwd <\/span><\/span><\/strong>premia is at 1.66% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Indian PMI(services) dipped to 60.1 in Aug.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-US ISM(services) was better than expected at 54.5.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-UK PMI(services) remained in contraction mode.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Crude Oil prices stay at USD 90.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-USD Index rally continues.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
USDINR View: USDINR has broken 82.95 and is close to 83.18. Expect 83.30\/83.60 as possible\u00a0<\/span><\/b>levels for USDINR this month. On the downside, it needs to break 82.80 to move back down\u00a0<\/span><\/b>to\u00a0<\/span><\/b>82.35.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
RBI rates<\/span><\/b><\/div>\r\n
\u00a0<\/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\n1 EUR<\/strong><\/td>\r\n100 YEN<\/strong><\/td>\r\n<\/tr>\r\n
06-Sep-23<\/strong><\/td>\r\n83.09<\/strong><\/td>\r\n104.43<\/strong><\/td>\r\n89.17<\/strong><\/td>\r\n56.45<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.15.Prior day’s close was 83.14.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices climb marginally.<\/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 1.66%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.15,<\/b>\u00a0EUR\/USD@ 1.0718, GBP\/USD @ 1.2498, USD\/JPY @ 147.56<\/b>, EUR\/INR @ 89.14,\u00a0<\/b>GBP\/INR @ 103.93,\u00a0<\/b>JPY\/INR @ 56.35.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Gold@1941, Brent Crude @ 90, Nifty @ 19635(+21), 10 Year G-SEC @ 7.17%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged at 82.80.<\/b>\u00a0Eur receivables can be hedged on rally to 89.80. <\/b><\/div>\r\n
GBPINR<\/b><\/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
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\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 7, 2023 Major developments: \u00a0 USD is now at 83.15. USDINR opened at 83.12. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.66% p.a.\u00a0 \u00a0 -Indian PMI(services) dipped to 60.1 in Aug. \u00a0 -US ISM(services) was better than expected at 54.5. \u00a0 -UK PMI(services) remained in contraction mode. \u00a0 -Crude […]<\/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-3698","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\/3698","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=3698"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3698\/revisions"}],"predecessor-version":[{"id":9248,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3698\/revisions\/9248"}],"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=3698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=3698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=3698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}