{"id":7016,"date":"2024-08-01T12:47:33","date_gmt":"2024-08-01T07:17:33","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=7016"},"modified":"2024-08-31T11:33:27","modified_gmt":"2024-08-31T06:03:27","slug":"fx-rates-usdinr-forward-rate-august-01-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-august-01-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate August 01, 2024<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 83.73. USDINR opened at 83.68. Fwd\u00a0<\/span><\/span><\/b>premia –<\/span><\/span><\/b>\u00a0<\/span><\/span><\/strong>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.84% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-Fed did not explicitly commit to future rate cut decision, while maintaining status quo on\u00a0<\/span><\/b>rates.<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Yen gained as BOJ hiked rates and stated that it is open to increasing rates further.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-US non farm payrolls is a key data event for the day.<\/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
31-Jul-24<\/strong><\/td>\r\n83.74<\/strong><\/td>\r\n107.54<\/strong><\/td>\r\n90.62<\/strong><\/td>\r\n54.78<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.73.Prior day’s close was 83.70.<\/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 7.03%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.84%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.73,<\/b>\u00a0EUR\/USD@ 1.0814, GBP\/USD @ 1.2807, USD\/JPY @ 150.09<\/b>, EUR\/INR @ 90.54, <\/b>GBP\/INR @ 107.22,\u00a0<\/b>JPY\/INR @ 55.78. <\/b>Gold@2445, Brent Crude @ 81.50, Nifty @ 24998(+48), 10 Year G-SEC @ 7.03%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
Hedging: USDINR receivables can be hedged.<\/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
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\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 August 01, 2024 Major developments: USD is now at 83.73. USDINR opened at 83.68. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.84% p.a. \u00a0 -Fed did not explicitly commit to future rate cut decision, while maintaining status quo on\u00a0rates. \u00a0 -Yen gained as BOJ hiked rates and stated that it […]<\/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-7016","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\/7016","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=7016"}],"version-history":[{"count":2,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/7016\/revisions"}],"predecessor-version":[{"id":8352,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/7016\/revisions\/8352"}],"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=7016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=7016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=7016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}