{"id":6015,"date":"2024-03-07T13:55:26","date_gmt":"2024-03-07T08:25:26","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=6015"},"modified":"2024-08-31T12:20:46","modified_gmt":"2024-08-31T06:50:46","slug":"fx-rates-usdinr-forward-rate-march-7-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-march-7-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate March 7, 2024<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 82.77. USDINR opened at 82.83. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.65% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-ECB rate decision,\u00a0 and employment data are key events for the week.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Fed Chairman hinted at modest rate cuts this year.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-USDINR fwd premia for near months slump further with March fwds at around 1.5 ps.<\/span><\/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<\/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
6-Mar-24<\/strong><\/td>\r\n82.91<\/strong><\/td>\r\n105.33<\/strong><\/td>\r\n90.01<\/strong><\/td>\r\n55.31<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 82.77.Prior day’s close was 82.85.<\/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 7.04%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.65.%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 82.77,<\/b>\u00a0EUR\/USD@ 1.0901, GBP\/USD @ 1.2734, USD\/JPY @ 148.56<\/b>, EUR\/INR @ 90.24,\u00a0<\/b>GBP\/INR @ 105.40,\u00a0<\/b>JPY\/INR @ 55.72. <\/b>Gold@2155, Brent Crude @ 83, Nifty @ 22499(+25), 10 Year G-SEC @ 7.04%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR payables can be hedged at 82.60 .<\/b>\u00a0USD EXPORTS can be hedged at 82.85\/82.95.<\/b><\/div>\r\n
Eur receivables can be hedged a<\/b>\u00a0<\/b>.\u00a0<\/b>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 March 7, 2024 Major developments: USD is now at 82.77. USDINR opened at 82.83. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.65% p.a. \u00a0 -ECB rate decision,\u00a0 and employment data are key events for the week. \u00a0 -Fed Chairman hinted at modest rate cuts this year. \u00a0 -USDINR fwd premia […]<\/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-6015","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\/6015","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=6015"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6015\/revisions"}],"predecessor-version":[{"id":8499,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6015\/revisions\/8499"}],"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=6015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=6015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=6015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}