{"id":4884,"date":"2023-12-08T11:32:50","date_gmt":"2023-12-08T06:02:50","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4884"},"modified":"2024-08-31T15:55:44","modified_gmt":"2024-08-31T10:25:44","slug":"fx-rates-usdinr-forward-rate-december-8-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-december-8-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate December 8, 2023<\/h1>\r\n

Major developments:<\/b><\/h4>\r\n
USD is now at 83.38. USDINR opened at 83.37. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.63% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-RBI kept repo rates unchanged at 6.5%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-GDP for FY 24 has been revised upwards to 7%. Inflation is expected to be 5.4%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-US Nonfarm payrolls is the important global data release for the day.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR outlook: RBI has been selling USD at higher levels, but accepting modest decline.\u00a0<\/b>USD INR pair closed at 83.38 in Nov as against 83.26 in Oct.<\/b>\u00a0FII’S have been net buyers in\u00a0<\/b>both Equity and\u00a0<\/b>debt segments in FY24. Rupee can gain modestly if FII inflows surface due\u00a0<\/b>to\u00a0<\/b>MSCI\u00a0<\/b>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
<\/span><\/b><\/b>\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
7-Dec-23<\/strong><\/td>\r\n83.36<\/strong><\/td>\r\n104.67<\/strong><\/td>\r\n89.73<\/strong><\/td>\r\n56.99<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n <\/b><\/div>\r\n
-USDINR is at 83.38.Prior day’s close was 83.38.<\/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 7.24%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.63%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.38,<\/b>\u00a0EUR\/USD@ 1.0784, GBP\/USD @ 1.2589, USD\/JPY @ 143.75<\/b>, EUR\/INR @ 89.91,\u00a0<\/b>GBP\/INR @ 104.97,\u00a0<\/b>JPY\/INR @ 57.98. <\/b>Gold@2031, Brent Crude @ 75, Nifty @ 20990(+90), 10 Year G-SEC @ 7.24%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged on dips to 83.24\/83.18 .<\/b> <\/b><\/div>\r\n
Eur receivables can be hedged\u00a0<\/b>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 December 8, 2023 Major developments: USD is now at 83.38. USDINR opened at 83.37. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.63% p.a.\u00a0 \u00a0 -RBI kept repo rates unchanged at 6.5%. \u00a0 -GDP for FY 24 has been revised upwards to 7%. Inflation is expected to be 5.4%. \u00a0 -US […]<\/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-4884","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\/4884","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=4884"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4884\/revisions"}],"predecessor-version":[{"id":8837,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4884\/revisions\/8837"}],"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=4884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}