{"id":6818,"date":"2024-07-10T11:58:21","date_gmt":"2024-07-10T06:28:21","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=6818"},"modified":"2024-08-31T11:56:04","modified_gmt":"2024-08-31T06:26:04","slug":"fx-rates-usdinr-forward-rate-july-10-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-july-10-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate July 10, 2024<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 83.49. USDINR opened at 83.49. Fwd\u00a0<\/span><\/span><\/b>premia –\u00a0<\/span><\/span><\/b>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.66% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Fed Chairman hinted that rate cuts are nearing as balance of risks is even. He implied that\u00a0<\/span><\/b>economic slow down due to restrictive monetary policy is as much as a risk now as inflation <\/span><\/b>is.<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Focus is on Indian and US CPI data.<\/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
9-Jul-24<\/strong><\/td>\r\n83.48<\/strong><\/td>\r\n106.92<\/strong><\/td>\r\n90.39<\/strong><\/td>\r\n51.9<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.49.Prior day’s close was 83.50.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Indian Equity indices decline.<\/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 1.66%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.49,<\/b>\u00a0EUR\/USD@ 1.0816, GBP\/USD @ 1.2790, USD\/JPY @ 161.50<\/b>, EUR\/INR @ 90.30, <\/b>GBP\/INR @ 106.78,\u00a0<\/b>JPY\/INR @ 51.70. <\/b>Gold@2368, Brent Crude @ 84.25, Nifty @ 24216(-217), 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
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FX Rates and USD INR Forward Rate July 10, 2024 Major developments: USD is now at 83.49. USDINR opened at 83.49. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.66% p.a. \u00a0 -Fed Chairman hinted that rate cuts are nearing as balance of risks is even. He implied that\u00a0economic slow down due to restrictive monetary policy is as […]<\/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-6818","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\/6818","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=6818"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6818\/revisions"}],"predecessor-version":[{"id":8421,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/6818\/revisions\/8421"}],"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=6818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=6818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=6818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}