{"id":3975,"date":"2023-09-20T11:07:21","date_gmt":"2023-09-20T05:37:21","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=3975"},"modified":"2024-09-02T10:26:01","modified_gmt":"2024-09-02T04:56:01","slug":"fx-rates-usdinr-forward-rate-september-20-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-september-20-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate September 20, 2023<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 83.23. USDINR opened at 83.16. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.78% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Fed meeting is significant. Fed may still sound hawkish.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Oil price climb is an important worry for Inflation.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-OECD expects Global growth to be 3% in 2023.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
USDINR View: Expect 83.30\/83.60 as possible\u00a0<\/span><\/b>levels for USDINR this month. On the\u00a0<\/span><\/b>downside,\u00a0<\/span><\/b>it needs to break 82.80 to move back down\u00a0<\/span><\/b>to\u00a0<\/span><\/b>82.55.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
RBI rates<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
\r\n\r\n\r\n\r\n\r\n
Trade Date\u00a0<\/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
18-Sep-23<\/strong><\/td>\r\n83.21<\/strong><\/td>\r\n103.15<\/strong><\/td>\r\n88.75<\/strong><\/td>\r\n56.37<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.23.Prior day’s close was 83.26.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices decline.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian 10 year G-SEC yield is at 7.14%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.78%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.23,<\/b>\u00a0EUR\/USD@ 1.0669, GBP\/USD @ 1.2389, USD\/JPY @ 147.82<\/b>, EUR\/INR @ 88.88,\u00a0<\/b>GBP\/INR @ 103.10,\u00a0<\/b>JPY\/INR @ 56.31.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Gold@1950, Brent Crude @ 93.50, Nifty @ 19959(-174), 10 Year G-SEC @ 7.14%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged at 82.95.<\/b>\u00a0Eur receivables can be hedged on rally to 89\/89.50. <\/b><\/div>\r\n
GBPINR <\/b>receivables can be hedged closer to <\/b>104.50\/105.<\/b><\/div>\r\n
\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\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 20, 2023 Major developments: USD is now at 83.23. USDINR opened at 83.16. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.78% p.a.\u00a0 \u00a0 -Fed meeting is significant. Fed may still sound hawkish. \u00a0 -Oil price climb is an important worry for Inflation. \u00a0 -OECD expects Global growth to be […]<\/p>\n","protected":false},"author":6,"featured_media":3155,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-3975","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\/3975","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=3975"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3975\/revisions"}],"predecessor-version":[{"id":9141,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3975\/revisions\/9141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/3155"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=3975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=3975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=3975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}