{"id":6145,"date":"2024-03-22T12:06:30","date_gmt":"2024-03-22T06:36:30","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=6145"},"modified":"2024-08-31T11:25:29","modified_gmt":"2024-08-31T05:55:29","slug":"fx-rates-usdinr-forward-rate-march-22-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-march-22-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate March 22, 2024<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 83.38. USDINR opened at 83.28. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.58% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Swiss Central bank cut rates by 25 bps in a surprise move, sending flows into USD.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-BOE maintained rates and offered no clear future guidance.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Rupee weakened to 83.40 on cash Dollar shortage, fiscal year payments, broad USD gains <\/span><\/b>against majors and Yuan weakness.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-US is proposing to limit US MF’S investments in Chinese stocks\u00a0<\/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
21-Mar-24<\/strong><\/td>\r\n83.13<\/strong><\/td>\r\n106.36<\/strong><\/td>\r\n90.91<\/strong><\/td>\r\n55.06<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.38.Prior day’s close was 83.12.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices recover.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian 10 year G-SEC yield is at 7.07%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.61.%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.38,<\/b>\u00a0EUR\/USD@ 1.0835, GBP\/USD @ 1.2643, USD\/JPY @ 151.57<\/b>, EUR\/INR @ 90.36,\u00a0<\/b>GBP\/INR @ 105.44,\u00a0<\/b>JPY\/INR @ 55.01. <\/b>Gold@2174, Brent Crude @ 85.20, Nifty @ 22042(+31), 10 Year G-SEC @ 7.07%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR receivables can be hedged .<\/b>\u00a0<\/b><\/div>\r\n
Eur receivables can be hedged\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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FX Rates and USD INR Forward Rate March 22, 2024 Major developments: USD is now at 83.38. USDINR opened at 83.28. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.58% p.a. \u00a0 -Swiss Central bank cut rates by 25 bps in a surprise move, sending flows into USD. \u00a0 -BOE maintained rates and offered no clear future guidance. […]<\/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-6145","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\/6145","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=6145"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6145\/revisions"}],"predecessor-version":[{"id":8328,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6145\/revisions\/8328"}],"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=6145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=6145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=6145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}