{"id":4003,"date":"2023-09-21T11:20:57","date_gmt":"2023-09-21T05:50:57","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4003"},"modified":"2024-08-31T17:56:55","modified_gmt":"2024-08-31T12:26:55","slug":"fx-rates-usdinr-forward-rate-september-21-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-september-21-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate September 21, 2023<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 83.09. USDINR opened at 83.09. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.74% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Fed kept rates on hold, but indicated one more rate hike this year.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Fed expects Core PCE to decline and growth to climb to 2.1% in 2023.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-USD Index climbed as Fed indicated that only two rate cuts is possible next year as against <\/span><\/b>expectation of 4 rate cuts next year.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-US 2 Year yield climbed to 5.18%. Equity indices declined 1%.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-EURO is bearish with possible break of 1.0635 support levels.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-BOE rate decision will be known later today.<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR View: RBI’S intervention keeps Rupee away from a Significant <\/b>decline.<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
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 <\/span><\/b>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
20-Sep-23<\/strong><\/td>\r\n83.25<\/strong><\/td>\r\n102.84<\/strong><\/td>\r\n88.99<\/strong><\/td>\r\n56.28<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
-USDINR is at 83.09.Prior day’s close was 83.08.<\/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 7.18%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.74%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.07,<\/b>\u00a0EUR\/USD@ 1.0636, GBP\/USD @ 1.2320, USD\/JPY @ 148.38<\/b>, EUR\/INR @ 88.35,\u00a0<\/b>GBP\/INR @ 102.36,\u00a0<\/b>JPY\/INR @ 55.99.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Gold@1927, Brent Crude @ 93., Nifty @ 19762(-138), 10 Year G-SEC @ 7.18%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: <\/b><\/div>\r\n
\u00a0<\/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>\u00a0receivables can be hedged closer to\u00a0<\/b>104.50\/105.<\/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 21, 2023 Major developments: USD is now at 83.09. USDINR opened at 83.09. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.74% p.a.\u00a0 \u00a0 -Fed kept rates on hold, but indicated one more rate hike this year. \u00a0 -Fed expects Core PCE to decline and growth to climb to 2.1% […]<\/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-4003","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\/4003","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=4003"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4003\/revisions"}],"predecessor-version":[{"id":9087,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4003\/revisions\/9087"}],"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=4003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}