{"id":4894,"date":"2023-12-11T11:35:38","date_gmt":"2023-12-11T06:05:38","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4894"},"modified":"2024-08-31T15:49:54","modified_gmt":"2024-08-31T10:19:54","slug":"fx-rates-usdinr-forward-rate-december-11-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-december-11-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate December 11, 2023<\/h1>\r\n

Major developments:<\/b><\/h4>\r\n
USD is now at 83.38. USDINR opened at 83.39. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.62% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Indian Equities continued to maintain uptrend.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-US Fed meeting, ECB and BOE rate decisions are crucial events for the week.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-US employment data showed that labor market is still tight with average hourly earnings\u00a0<\/b>climbing. US economy added 199 k jobs. Earnings grew by 0.4% m\/m.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
USDINR outlook: RBI has been selling USD at higher levels, but accepting modest decline.\u00a0<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
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 this Year.\u00a0<\/b>RBI\u00a0<\/b>could keep Rupee in the 83.25-83.45 range <\/b>for some more weeks.<\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
RBI rates<\/span><\/b><\/div>\r\n
\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
8-Dec-23<\/strong><\/td>\r\n83.37<\/strong><\/td>\r\n104.91<\/strong><\/td>\r\n89.89<\/strong><\/td>\r\n57.88<\/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
6-Dec-23<\/strong><\/td>\r\n83.35<\/strong><\/td>\r\n105.06<\/strong><\/td>\r\n89.95<\/strong><\/td>\r\n56.63<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.38.Prior day’s close was 83.38.<\/b><\/div>\r\n
-Indian Equity indices climb.<\/b><\/div>\r\n
-Indian 10 year G-SEC yield is at 7.28%.<\/b><\/div>\r\n
-USDINR 1 yr fwd premia is at 1.62%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.38,<\/b>\u00a0EUR\/USD@ 1.0764, GBP\/USD @ 1.2538, USD\/JPY @ 145.57<\/b>, EUR\/INR @ 89.91,\u00a0<\/b>GBP\/INR @ 104.52,\u00a0<\/b>JPY\/INR @ 57.28. <\/b>Gold@1996, Brent Crude @ 76.30, Nifty @ 21003(+31), 10 Year G-SEC @ 7.28%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging:<\/b><\/div>\r\n
USDINR payables can be hedged on dips to 83.24\/83.18.<\/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 11, 2023 Major developments: USD is now at 83.38. USDINR opened at 83.39. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.62% p.a.\u00a0 \u00a0 -Indian Equities continued to maintain uptrend. \u00a0 -US Fed meeting, ECB and BOE rate decisions are crucial events for the week. \u00a0 -US employment data showed […]<\/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-4894","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\/4894","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=4894"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4894\/revisions"}],"predecessor-version":[{"id":8828,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4894\/revisions\/8828"}],"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=4894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}