{"id":4926,"date":"2023-12-13T12:28:20","date_gmt":"2023-12-13T06:58:20","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4926"},"modified":"2024-08-31T15:37:25","modified_gmt":"2024-08-31T10:07:25","slug":"fx-rates-usdinr-forward-rate-december-13-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-december-13-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate December 13, 2023<\/h1>\r\n

Major developments:<\/b><\/h4>\r\n
USD is now at 83.39. USDINR opened at 83.375. 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
-Indian CPI climbed to 5.55% and IIP grew by 11.7%. Mfrg grew by 10.4%.<\/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 CPI climbed 0.1% m\/m and Core CPI climbed 0.3% m\/m, as expected.<\/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>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
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
12-Dec-23<\/strong><\/td>\r\n83.38<\/strong><\/td>\r\n104.86<\/strong><\/td>\r\n89.8<\/strong><\/td>\r\n57.34<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/b><\/div>\r\n
-USDINR is at 83.39.Prior day’s close was 83.38.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices decline.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian 10 year G-SEC yield is at 7.27%.<\/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 @ 83.39,<\/b>\u00a0EUR\/USD@ 1.0782, GBP\/USD @ 1.2553, USD\/JPY @ 145.70<\/b>, EUR\/INR @ 89.93,\u00a0<\/b>GBP\/INR @ 104.68,\u00a0<\/b>JPY\/INR @ 57.23. <\/b>Gold@1976, Brent Crude @ 73, Nifty @ 20792(-114), 10 Year G-SEC @ 7.27%.<\/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>\u00a0<\/b><\/div>\r\n
Eur receivables can be hedged <\/b>now<\/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
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\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\u00a0<\/div>","protected":false},"excerpt":{"rendered":"

FX Rates and USD INR Forward Rate December 13, 2023 Major developments: USD is now at 83.39. USDINR opened at 83.375. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.63% p.a.\u00a0 \u00a0 -Indian CPI climbed to 5.55% and IIP grew by 11.7%. Mfrg grew by 10.4%. \u00a0 -US Fed meeting, ECB and BOE rate decisions are crucial events […]<\/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-4926","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\/4926","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=4926"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4926\/revisions"}],"predecessor-version":[{"id":8808,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4926\/revisions\/8808"}],"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=4926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}