{"id":4846,"date":"2023-11-30T11:53:23","date_gmt":"2023-11-30T06:23:23","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4846"},"modified":"2024-08-31T13:14:14","modified_gmt":"2024-08-31T07:44:14","slug":"fx-rates-usdinr-forward-rate-november-30-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-november-30-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate November 30, 2023<\/h1>\r\n
USD is now at 83.33. USDINR opened at 83.35. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.52% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Indian GDP is to be released today. Q2 GDP is expected to have climbed by 6.8%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Rupee trades steady.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-US Q3 GDP grew at the fastest pace in 2 years with consumer spending climbing 3.6% at annual rate.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-US PCE, ISM and spending data will dominate the narrative regarding future rate path.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR outlook: RBI has been selling USD at higher levels, but accepting modest decline.\u00a0<\/b>On\u00a0<\/b>Oct\u00a0<\/b>end USDINR was at 83.26. If Rupee closes below 83.40, it confirms the view that RBI is <\/b>tolerant to Rupee decline aligned with fwd curve plus few ps. Dollar buying demand is\u00a0<\/b>evident\u00a0<\/b>as premia is insignificant for near term. FII’S have been net buyers in both Equity and <\/b>debt segments in Nov. Rupee can gain modestly if FII inflows surface due to MSCI\u00a0<\/b><\/div>\r\n
rebalancing. RBI\u00a0<\/b>could keep Rupee in the 83.25-83.45 range for some more weeks.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
RBI rates<\/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
29-Nov-23<\/strong><\/td>\r\n83.31<\/strong><\/td>\r\n105.92<\/strong><\/td>\r\n91.64<\/strong><\/td>\r\n56.59<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n\u00a0<\/span><\/b><\/div>\r\n
-USDINR is at 83.33.Prior day’s close was 83.29.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices dips marginally.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian 10 year G-SEC yield is at 7.26%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.52%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.33,<\/b>\u00a0EUR\/USD@ 1.0970, GBP\/USD @ 1.27, USD\/JPY @ 147.11<\/b>, EUR\/INR @ 91.47,\u00a0<\/b>GBP\/INR @ 105.82,\u00a0<\/b>JPY\/INR @ 56.64. <\/b>Gold@2043, Brent Crude @ 83, Nifty @ 20062(-35), 10 Year G-SEC @ 7.26%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged on dips to 83.25 .<\/b>\u00a0Eur receivables can be hedged now\u00a0<\/b>.\u00a0<\/b><\/div>\r\n
GBPINR<\/b>\u00a0receivables\u00a0<\/b>can be hedged now.<\/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 30, 2023 USD is now at 83.33. USDINR opened at 83.35. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.52% p.a.\u00a0 \u00a0 -Indian GDP is to be released today. Q2 GDP is expected to have climbed by 6.8%. \u00a0 -Rupee trades steady. \u00a0 -US Q3 GDP grew at the fastest […]<\/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-4846","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\/4846","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=4846"}],"version-history":[{"count":2,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4846\/revisions"}],"predecessor-version":[{"id":8601,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4846\/revisions\/8601"}],"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=4846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}