{"id":4712,"date":"2023-11-03T11:29:26","date_gmt":"2023-11-03T05:59:26","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4712"},"modified":"2024-09-02T11:28:03","modified_gmt":"2024-09-02T05:58:03","slug":"fx-rates-usdinr-forward-rate-november-03-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-november-03-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate November 03, 2023<\/h1>\r\n

Major developments:<\/b><\/h3>\r\n
USD is now at 83.25. 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 1.61% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
-BOE kept rates steady.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-US ISM (non mfrg) and employment data are important data releases for the day.\u00a0<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Global risk sentiment improved as Fed indicated possibility of rate hiking cycle.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-US tech company results have also supported US and Global markets.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-USDINR pair range has been compressed by RBI selling at higher levels.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Domestic liquidity has improved due to Govt spending and G-SEC redemptions.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Indian Equity indices have opened gap up, taking cues from Overseas markets.<\/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
2-Nov-23<\/strong><\/td>\r\n83.26<\/strong><\/td>\r\n101.4<\/strong><\/td>\r\n88.24<\/strong><\/td>\r\n55.36<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.25.Prior day’s close was 83.36.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices climb.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian 10 year G-SEC yield is at 7.31%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.61%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.25,<\/b>\u00a0EUR\/USD@ 1.0627, GBP\/USD @ 1.2201, USD\/JPY @ 150.28<\/b>, EUR\/INR @ 88.47,\u00a0<\/b>GBP\/INR @ 101.57,\u00a0<\/b>JPY\/INR @ 55.40. <\/b>Gold@1986, Brent Crude @ 87, Nifty @ 19257(+125), 10 Year G-SEC @ 7.31%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged on dipes to 83.10 .<\/b>\u00a0Eur receivables can be hedged now and on rally 88.70.\u00a0<\/b><\/div>\r\n
GBPINR<\/b>\u00a0receivables can be hedged closer to\u00a0<\/b>102.40\/103.50.<\/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
For all your investment needs feel free to reach us.<\/strong>\r\n
\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>\r\n<\/div>","protected":false},"excerpt":{"rendered":"

FX Rates and USD INR Forward Rate November 03, 2023 Major developments: USD is now at 83.25. USDINR opened at 83.21. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.61% p.a.\u00a0 \u00a0 -BOE kept rates steady. \u00a0 -US ISM (non mfrg) and employment data are important data releases for the day.\u00a0 \u00a0 -Global risk sentiment improved as Fed […]<\/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-4712","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\/4712","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=4712"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4712\/revisions"}],"predecessor-version":[{"id":9233,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4712\/revisions\/9233"}],"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=4712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}