{"id":4623,"date":"2023-10-20T12:13:07","date_gmt":"2023-10-20T06:43:07","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4623"},"modified":"2024-08-31T16:40:54","modified_gmt":"2024-08-31T11:10:54","slug":"fx-rates-usdinr-forward-rate-october-20-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-october-20-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

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

Major developments:<\/b><\/h4>\r\n
USD is now at 83.18. USDINR opened at 83.15. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.70% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
-US 10 Year Treasury yields climb to 4.98%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-FED Chairman said that the committee will proceed carefully on future rate hikes, even <\/b>though the option of increasing rates is not ruled out. He claimed that higher yields have <\/b>done what the Fed wanted to do and that higher yields is a result of higher fiscal deficit.<\/b><\/div>\r\n
\u00a0<\/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 83\/82.80.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
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 8% during Rupee weakness. Expect 83-83.70 range for USDINR in Oct.<\/span><\/b><\/div>\r\n
\u00a0<\/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
19-Oct-23<\/strong><\/td>\r\n83.27<\/strong><\/td>\r\n101.05<\/strong><\/td>\r\n87.75<\/strong><\/td>\r\n55.6<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n-USDINR is at 83.18.Prior day’s close was 83.24.<\/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 7.34%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.70%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.18,<\/b>\u00a0EUR\/USD@ 1.0575, GBP\/USD @ 1.2134, USD\/JPY @ 149.87<\/b>, EUR\/INR @ 87.95,\u00a0<\/b>GBP\/INR @ 100.92,\u00a0<\/b>JPY\/INR @ 55.50. <\/b>Gold@1976, Brent Crude @ 93.30, Nifty @ 19574(-50), 10 Year G-SEC @ 7.34%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged at 83.10.<\/b>\u00a0Eur receivables can be hedged now and on rally 88.70. GBPINR<\/b>\u00a0receivables can be hedged closer to\u00a0<\/b>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 October 20, 2023 Major developments: USD is now at 83.18. USDINR opened at 83.15. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.70% p.a.\u00a0 \u00a0 -US 10 Year Treasury yields climb to 4.98%. \u00a0 -FED Chairman said that the committee will proceed carefully on future rate hikes, even though the option […]<\/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-4623","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\/4623","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=4623"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4623\/revisions"}],"predecessor-version":[{"id":8923,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4623\/revisions\/8923"}],"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=4623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}