{"id":5657,"date":"2024-02-08T11:18:01","date_gmt":"2024-02-08T05:48:01","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5657"},"modified":"2024-08-31T14:18:21","modified_gmt":"2024-08-31T08:48:21","slug":"fx-rates-usdinr-forward-rate-february-8-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-february-8-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate February 8, 2024<\/span><\/h1>\r\n

Major developments:<\/b><\/h3>\r\n
USD is now at 82.95. USDINR opened at 82.94. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.79% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-RBI maintained status quo on rates . Repo rates left unchanged at 6.5%.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-FY 2025 GDP is expected to be 7% with inflation at 4.5%.\u00a0<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-RBI Governor said that the central bank has maintained its present position on monetary <\/span><\/b>stance.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-No major reaction in markets. USDINR is at 82.95, Nifty marginally down and 10 Year yield is <\/span><\/b>at 7.09%.<\/span><\/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
7-Feb-24<\/strong><\/td>\r\n82.98<\/strong><\/td>\r\n104.58<\/strong><\/td>\r\n89.29<\/strong><\/td>\r\n56.05<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 82.95.Prior day’s close was 82.97.<\/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 7.09%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.79%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 82.95,<\/b>\u00a0EUR\/USD@ 1.0780, GBP\/USD @ 1.2630, USD\/JPY @ 148.56<\/b>, EUR\/INR @ 89.42,\u00a0<\/b>GBP\/INR @ 104.77,\u00a0<\/b>JPY\/INR @ 55.83. <\/b>Gold@2032, Brent Crude @ 79.45, Nifty @ 21892(-33), 10 Year G-SEC @ 7.09%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged at 82.92\/82.85 .<\/b>\u00a0USD EXPORTS can be hedged at 83.35\/83.40.<\/b><\/div>\r\n
\u00a0<\/b>Eur payables can be hedged at 89.20\/88.50<\/b>\u00a0<\/b>.\u00a0<\/b>GBPINR<\/b>\u00a0receivables\u00a0<\/b>can be hedged now.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
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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>\r\n
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\u00a0<\/div>","protected":false},"excerpt":{"rendered":"

FX Rates and USD INR Forward Rate February 8, 2024 Major developments: USD is now at 82.95. USDINR opened at 82.94. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.79% p.a. \u00a0 -RBI maintained status quo on rates . Repo rates left unchanged at 6.5%. \u00a0 -FY 2025 GDP is expected to be 7% with inflation at 4.5%.\u00a0 […]<\/p>\n","protected":false},"author":6,"featured_media":5658,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-5657","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\/5657","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=5657"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5657\/revisions"}],"predecessor-version":[{"id":8743,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5657\/revisions\/8743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/5658"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=5657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=5657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=5657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}