{"id":6544,"date":"2024-05-24T12:57:22","date_gmt":"2024-05-24T07:27:22","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=6544"},"modified":"2024-08-31T10:51:55","modified_gmt":"2024-08-31T05:21:55","slug":"fx-rates-usdinr-forward-rate-may-24-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-may-24-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate May 24, 2024<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 83.14. USDINR opened at 83.26. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.67% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-RBI’S Rs 2.1 lac Cr dividend to Govt spurred positive sentiment for Rupee.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-FII inflows into Equity markets also has contributed to today’s Rupee gains.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-FOMC minutes sounded hawkish.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Global PMI’S indicate inflation is on the upswing again.<\/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
23-May-24<\/strong><\/td>\r\n83.23<\/strong><\/td>\r\n106.1<\/strong><\/td>\r\n90.39<\/strong><\/td>\r\n53.21<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.12.Prior day’s close was 83.29.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices trade flat.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Indian 10 year G-SEC yield is at 7%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.67%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.12,<\/b>\u00a0EUR\/USD@ 1.0816, GBP\/USD @ 1.2693, USD\/JPY @ 157.08<\/b>, EUR\/INR @ 89.86,\u00a0<\/b>GBP\/INR @ 105.50,\u00a0<\/b>JPY\/INR @ 52.91.<\/b>Gold@2336, Brent Crude @ 81.45, Nifty @ 22975(+8), 10 Year G-SEC @ 7%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging:<\/b><\/div>\r\n
USDINR receivables can be hedged at 83.50\/83.70.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
\r\n
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FX Rates and USD INR Forward Rate May 24, 2024 Major developments: USD is now at 83.14. USDINR opened at 83.26. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.67% p.a. \u00a0 -RBI’S Rs 2.1 lac Cr dividend to Govt spurred positive sentiment for Rupee. \u00a0 -FII inflows into Equity markets also has contributed to today’s Rupee gains. […]<\/p>\n","protected":false},"author":6,"featured_media":6465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-6544","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\/6544","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=6544"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6544\/revisions"}],"predecessor-version":[{"id":8192,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6544\/revisions\/8192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/6465"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=6544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=6544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=6544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}