{"id":6773,"date":"2024-07-04T12:34:33","date_gmt":"2024-07-04T07:04:33","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=6773"},"modified":"2024-08-31T12:55:03","modified_gmt":"2024-08-31T07:25:03","slug":"fx-rates-usdinr-forward-rate-july-4-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-july-4-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate July 4, 2024<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 83.52. USDINR opened at 83.51. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.62% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-US markets are closed today.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Focus is on US employment data.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Indian Equity markets continue to climb in anticipation of important economic decisions in\u00a0<\/span><\/b>budget.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-FOMC minutes revealed that there should be no hasty rate cuts and additional favorable\u00a0<\/span><\/b>data\u00a0<\/span><\/b>is required indicating sustainable progess in inflation moving towards 2%.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Fed members expect economy to cool gradually.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Euro inched higher as ECB indicated that it may not lower rates immediately.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-US ISM(services) data declined into contraction mode.<\/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
3-Jul-24<\/strong><\/td>\r\n83.53<\/strong><\/td>\r\n105.96<\/strong><\/td>\r\n89.72<\/strong><\/td>\r\n51.62<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.52.Prior day’s close was 83.51.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices climb.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
-Indian 10 year G-SEC yield is at 6.99%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.62%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.52,<\/b>\u00a0EUR\/USD@ 1.0789, GBP\/USD @ 1.2745, USD\/JPY @ 161.40<\/b>, EUR\/INR @ 90.10,<\/b>GBP\/INR @ 106.43,\u00a0<\/b>JPY\/INR @ 51.75. <\/b>Gold@2351, Brent Crude @ 87, Nifty @ 24333(+47), 10 Year G-SEC @ 6.99%.<\/b><\/div>\r\n
\u00a0<\/b><\/div>\r\n
Hedging: <\/b><\/div>\r\n
USDINR receivables can be hedged at 83.60+.<\/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\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<\/div>","protected":false},"excerpt":{"rendered":"

FX Rates and USD INR Forward Rate July 4, 2024 Major developments: USD is now at 83.52. USDINR opened at 83.51. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.62% p.a. \u00a0 -US markets are closed today. \u00a0 -Focus is on US employment data. \u00a0 -Indian Equity markets continue to climb in anticipation of important economic decisions in\u00a0budget. […]<\/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-6773","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\/6773","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=6773"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6773\/revisions"}],"predecessor-version":[{"id":8591,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6773\/revisions\/8591"}],"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=6773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=6773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=6773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}