{"id":5144,"date":"2023-12-26T11:35:41","date_gmt":"2023-12-26T06:05:41","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5144"},"modified":"2024-08-31T13:58:18","modified_gmt":"2024-08-31T08:28:18","slug":"fx-rates-usdinr-forward-rate-december-12-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-december-12-2023\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate December 12, 2023<\/h1>\r\n

Major developments:<\/b><\/h4>\r\n
USD is now at 83.18. USDINR opened at 83.17. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.78% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
– No major developments expected this week. Market is expected to be thin.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Year end USD demand could push Rupee to 83.30.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-FX reserves increased by USD 9 bn to USD 615 bn.<\/span><\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
USDINR outlook:\u00a0<\/b>Exporters can hedge at around 83.27\/83.30 and importers can wait to hedge <\/b>at\u00a0<\/b>\u00a0around 82.80 zone.<\/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<\/strong><\/td>\r\n1 USD<\/strong><\/td>\r\n1 GBP<\/strong><\/td>\r\n1 EURO<\/strong><\/td>\r\n100 YEN<\/strong><\/td>\r\n<\/tr>\r\n
22-Dec-23<\/strong><\/td>\r\n83.25<\/strong><\/td>\r\n105.62<\/strong><\/td>\r\n91.56<\/strong><\/td>\r\n58.49<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.18.Prior day’s close was 83.15.<\/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 7.18%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.78%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.18,<\/b>\u00a0EUR\/USD@ 1.1022, GBP\/USD @ 1.2709, USD\/JPY @ 142.25<\/b>, EUR\/INR @ 91.67,\u00a0<\/b>GBP\/INR @ 105.72,\u00a0<\/b>JPY\/INR @ 58.47. <\/b>Gold@2064, Brent Crude @ 79, Nifty @ 21441(+93), 10 Year G-SEC @ 7.18%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged on dips to 83.27\/83.30 .<\/b>\u00a0<\/b><\/div>\r\n
Eur receivables can be hedged <\/b><\/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 12, 2023 Major developments: USD is now at 83.18. USDINR opened at 83.17. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.78% p.a. \u00a0 – No major developments expected this week. Market is expected to be thin.\u00a0 \u00a0 -Year end USD demand could push Rupee to 83.30. \u00a0 -FX reserves […]<\/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-5144","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\/5144","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=5144"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5144\/revisions"}],"predecessor-version":[{"id":8705,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5144\/revisions\/8705"}],"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=5144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=5144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=5144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}