{"id":4777,"date":"2023-11-15T12:28:38","date_gmt":"2023-11-15T06:58:38","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4777"},"modified":"2024-08-31T16:19:30","modified_gmt":"2024-08-31T10:49:30","slug":"fx-rates-usdinr-forward-rate-november-15-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-november-15-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate November 15, 2023<\/h1>\r\n

Major developments:<\/b><\/h3>\r\n
USD is now at 83.06. USDINR opened at 83.06. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.56% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Indian CPI moderated to 4.87% in Oct. IIP also softened to 5.8% in Sep.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Euro and Crosses climbed steeply as US inflation declined to 3.2% y\/y.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Fed could pause rate hikes, but market expects rate cut in Q1 2024.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-US 10 Year Yield declines to 4.44%, triggering surge in Global Equities.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-China injected USD 200 bn equivalent liquidity to shore up sluggish economy.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-USDINR could trade in 83-83.30 range, as RBI may intervene on both sides.<\/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\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
13-Nov-23<\/strong><\/td>\r\n83.32<\/strong><\/td>\r\n101.95<\/strong><\/td>\r\n89.06<\/strong><\/td>\r\n54.9<\/strong><\/td>\r\n<\/tr>\r\n
10-Nov-23<\/strong><\/td>\r\n83.35<\/strong><\/td>\r\n101.93<\/strong><\/td>\r\n88.91<\/strong><\/td>\r\n55.06<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.06.Prior day’s close was 83.32.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices climb 1%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian 10 year G-SEC yield is at 7.23%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.56%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.06,<\/b>\u00a0EUR\/USD@ 1.0879, GBP\/USD @ 1.2492, USD\/JPY @ 150.90<\/b>, EUR\/INR @ 90.33,\u00a0<\/b>GBP\/INR @ 103.78,\u00a0<\/b>JPY\/INR @ 55.16. <\/b>Gold@1967, Brent Crude @ 82.70, Nifty @ 19630(+187), 10 Year G-SEC @ 7.23%.<\/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> Eur receivables can be hedged now and on rally<\/b>\u00a089.70\/90.10.\u00a0<\/b>GBPINR<\/b>\u00a0receivables can be hedged closer to\u00a0<\/b>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 15, 2023 Major developments: USD is now at 83.06. USDINR opened at 83.06. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.56% p.a.\u00a0 \u00a0 -Indian CPI moderated to 4.87% in Oct. IIP also softened to 5.8% in Sep. \u00a0 -Euro and Crosses climbed steeply as US inflation declined to 3.2% […]<\/p>\n","protected":false},"author":6,"featured_media":4769,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-4777","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\/4777","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=4777"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4777\/revisions"}],"predecessor-version":[{"id":8866,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4777\/revisions\/8866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/4769"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=4777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}