{"id":5024,"date":"2023-12-18T11:04:03","date_gmt":"2023-12-18T05:34:03","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5024"},"modified":"2024-08-31T14:25:38","modified_gmt":"2024-08-31T08:55:38","slug":"fx-rates-usdinr-forward-rate-december-18-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-december-18-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate December 18, 2023<\/h1>\r\n

Major developments:<\/b><\/h4>\r\n
USD is now at 82.94. USDINR opened at 82.97. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.74% p.a<\/b><\/span><\/span>.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Indian trade deficit for Nov declined to USD 20.58 bn. Imports declined to 54.48 bn from USD<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
65 in Oct, due to slump in Oil import prices. Exports was at USD 33.90 bn vs USD 33.57 bn in <\/b>Oct.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-FII’S pumped INR 32989 Cr in Dec.\u00a0<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Focus will be on US Core PCE index, to be released on Friday. This is the most preferred <\/b>inflation gauge <\/b>for Fed.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Rupee gained on Friday, due to FII and Corporate inflows.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
USDINR outlook: Rupee’s appreciation bias may continue as overseas developments and\u00a0<\/b>I<\/b>ndian macro factors favor Rupee. <\/b>Exporters can hedge at around 83.25 and importers can\u00a0<\/b>hedge at around 82.80 zone. <\/b>Fwd premia is expected to climb higher as US Yields retrace more than Indian Yields.\u00a0<\/b><\/div>\r\n
\u00a0<\/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
15-Dec-23<\/strong><\/td>\r\n83.18<\/strong><\/td>\r\n106.12<\/strong><\/td>\r\n91.36<\/strong><\/td>\r\n58.6<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 82.93.Prior day’s close was 83.02.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices decline marginally.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian 10 year G-SEC yield is at 7.17%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.74%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 82.94,<\/b>\u00a0EUR\/USD@ 1.0911, GBP\/USD @ 1.2694, USD\/JPY @ 142.22<\/b>, EUR\/INR @ 90.50,\u00a0<\/b>GBP\/INR @ 105.28,\u00a0<\/b>JPY\/INR @ 58.32. <\/b>Gold@2022, Brent Crude @ 77, Nifty @ 21424(-32), 10 Year G-SEC @ 7.17%.<\/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> <\/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 18, 2023 Major developments: USD is now at 82.94. USDINR opened at 82.97. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.74% p.a.\u00a0 \u00a0 -Indian trade deficit for Nov declined to USD 20.58 bn. Imports declined to 54.48 bn from USD \u00a0 65 in Oct, due to slump in Oil […]<\/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-5024","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\/5024","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=5024"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5024\/revisions"}],"predecessor-version":[{"id":8767,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5024\/revisions\/8767"}],"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=5024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=5024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=5024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}