{"id":4176,"date":"2023-09-28T11:21:48","date_gmt":"2023-09-28T05:51:48","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4176"},"modified":"2024-08-31T16:25:48","modified_gmt":"2024-08-31T10:55:48","slug":"fx-rates-usdinr-forward-rate-september-28-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-september-28-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate September 28, 2023<\/h1>\r\n

Major developments:<\/b><\/h3>\r\n
USD is now at 83.14. USDINR opened at 83.21. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.80% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Rupee weakness is contained by RBI’S sporadic intervention.<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
-USD Index climbed as US 10 Year yield spiked to 4.61%.<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
-Brent Crude climbed to USD 95 on shrinking US inventories.<\/b><\/span><\/div>\r\n
\u00a0<\/b><\/span><\/div>\r\n
-US GDP and Core PCE index are important events for this week.<\/b><\/span><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
USDINR View: RBI’S intervention keeps Rupee away from significant <\/b>decline. <\/b>On the\u00a0<\/span><\/b>downside, USDINR may\u00a0<\/span><\/b>have strong support at 82.80\/82.65.\u00a0<\/span><\/b>Rupee’s Monthly range (hi\/lo) is the\u00a0<\/span><\/b>lowest in last 15 months. It shows how volatility is being\u00a0<\/span><\/b>controlled by RBI. Implied volatility\u00a0<\/span><\/b>is below 3% p.a. now. It used to average 5% and spike to <\/span><\/b>8% during Rupee weakness.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
RBI rates<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/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
27-Sep-23<\/strong><\/td>\r\n83.22<\/strong><\/td>\r\n101.11<\/strong><\/td>\r\n87.92<\/strong><\/td>\r\n55.81<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n <\/b><\/div>\r\n
-USDINR is at 83.14.Prior day’s close was 83.23.<\/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 7.21%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.80%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.14,<\/b>\u00a0EUR\/USD@ 1.0508, GBP\/USD @ 1.2144, USD\/JPY @ 149.28<\/b>, EUR\/INR @ 87.36,\u00a0<\/b>GBP\/INR @ 100.96,\u00a0<\/b>JPY\/INR @ 55.70.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Gold@1875, Brent Crude @ 94.85., Nifty @ 19705(-11), 10 Year G-SEC @ 7.21%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: USDINR payables can be hedged at 82.90\/82.65.<\/b> Eur receivables can be hedged on rally to 88\/88.70. GBPINR\u00a0<\/b>receivables can be hedged closer to <\/b>102.65\/103.75.<\/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 28, 2023 Major developments: USD is now at 83.14. USDINR opened at 83.21. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.80% p.a.\u00a0 \u00a0 -Rupee weakness is contained by RBI’S sporadic intervention. \u00a0 -USD Index climbed as US 10 Year yield spiked to 4.61%. \u00a0 -Brent Crude climbed to USD […]<\/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-4176","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\/4176","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=4176"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4176\/revisions"}],"predecessor-version":[{"id":8892,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4176\/revisions\/8892"}],"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=4176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}