{"id":4067,"date":"2023-09-22T14:27:32","date_gmt":"2023-09-22T08:57:32","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4067"},"modified":"2024-08-31T17:48:07","modified_gmt":"2024-08-31T12:18:07","slug":"fx-rates-usdinr-forward-rate-september-22-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-september-22-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate September 22, 2023<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
\u00a0<\/div>\r\n
USD is now at 82.92. USDINR opened at 82.82. Fwd\u00a0<\/span><\/span><\/b>premia –<\/span><\/span><\/b>\u00a0<\/span><\/span>1 year fwd <\/span><\/span><\/strong>premia is at 1.76% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Rupee gained from 83.07 to 82.85 as JP Morgan announced Indian Bonds inclusion in<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
\u00a0Emerging market bond index. JP Morgan EM bond capitalization <\/b>is USD 236 bn.\u00a0<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
-India is likely to get weightage of 10%, implying Indian Bond purchase of USD 24 bn.<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
-The process may start in June 2024 and buying will be staggered over 10 months period.<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
-There are other international agencies like FTSE which may also include Indian Bonds.<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
-BOE kept rates unchanged and indicated that it is done with rate hike cycle.<\/b><\/span><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
USDINR View: RBI’S intervention keeps Rupee away from significant <\/b>decline. <\/b>Expect 83.30\/83.60 as possible\u00a0<\/span><\/b>levels for USDINR this month. On the\u00a0<\/span><\/b>downside, USDINR may <\/span><\/b>have strong support at 82.65.<\/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
21-Sep-23<\/strong><\/td>\r\n83.15<\/strong><\/td>\r\n102.43<\/strong><\/td>\r\n88.51<\/strong><\/td>\r\n56.05<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n

-USDINR is at 82.90.Prior day’s close was 83.07.<\/b><\/p>\r\n<\/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 7.12%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.76%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 82.90,<\/b>\u00a0EUR\/USD@ 1.0654, GBP\/USD @ 1.2283, USD\/JPY @ 148.03<\/b>, EUR\/INR @ 88.32,\u00a0<\/b>GBP\/INR @ 101.84,\u00a0<\/b>JPY\/INR @ 56.01.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Gold@1924, Brent Crude @ 93.85., Nifty @ 19689(-52), 10 Year G-SEC @ 7.12%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged at 82.80\/82.65.<\/b> Eur receivables can be hedged on rally to 89\/89.50. GBPINR\u00a0<\/b>receivables can be hedged closer to <\/b>103.50\/104.50.<\/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 22, 2023 Major developments: \u00a0 USD is now at 82.92. USDINR opened at 82.82. Fwd\u00a0premia –\u00a01 year fwd premia is at 1.76% p.a.\u00a0 \u00a0 -Rupee gained from 83.07 to 82.85 as JP Morgan announced Indian Bonds inclusion in \u00a0 \u00a0Emerging market bond index. JP Morgan EM bond […]<\/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-4067","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\/4067","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=4067"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4067\/revisions"}],"predecessor-version":[{"id":9057,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4067\/revisions\/9057"}],"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=4067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}