{"id":7033,"date":"2024-08-02T12:30:47","date_gmt":"2024-08-02T07:00:47","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=7033"},"modified":"2024-08-31T11:31:31","modified_gmt":"2024-08-31T06:01:31","slug":"fx-rates-usdinr-forward-rate-august-02-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-august-02-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"

FX Rates and USD INR Forward Rate August 02, 2024<\/h1>\r\n

Major developments:<\/b><\/h2>\r\n
USD is now at 83.74. USDINR opened at 83.74. Fwd\u00a0<\/span><\/span><\/b>premia –<\/span><\/span><\/b>\u00a0<\/span><\/span><\/strong>1\u00a0year\u00a0fw<\/strong>d <\/b><\/span><\/span>premia is at 1.88% p.a<\/b><\/span><\/span>.<\/span><\/b><\/div>\r\n
\u00a0<\/span><\/b><\/div>\r\n
-BOE cut rates by 25 bps, but did not commit to further loosening of policy.<\/span><\/b><\/div>\r\n
\u00a0<\/div>\r\n
-Yen gained and shook Asian markets after BOJ Governor’s statement on future rate hikes.<\/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
1-Aug-24<\/strong><\/td>\r\n83.73<\/strong><\/td>\r\n107.46<\/strong><\/td>\r\n90.61<\/strong><\/td>\r\n55.87<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n
\u00a0<\/div>\r\n
-USDINR is at 83.74.Prior day’s close was 83.74.<\/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 7.02%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
-USDINR 1 yr fwd premia is at 1.88%.<\/b><\/div>\r\n
\u00a0<\/div>\r\n
USDINR @ 83.74,<\/b>\u00a0EUR\/USD@ 1.08, GBP\/USD @ 1.2729, USD\/JPY @ 149.17<\/b>, EUR\/INR @ 90.43, <\/b>GBP\/INR @ 106.59,\u00a0<\/b>JPY\/INR @ 56.13. <\/b>Gold@2461, Brent Crude @ 80, Nifty @ 24806(-203), 10 Year G-SEC @ 7.02%.<\/b><\/div>\r\n
\u00a0<\/b><\/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
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FX Rates and USD INR Forward Rate August 02, 2024 Major developments: USD is now at 83.74. USDINR opened at 83.74. Fwd\u00a0premia –\u00a01\u00a0year\u00a0fwd premia is at 1.88% p.a. \u00a0 -BOE cut rates by 25 bps, but did not commit to further loosening of policy. \u00a0 -Yen gained and shook Asian markets after BOJ Governor’s statement […]<\/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-7033","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\/7033","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=7033"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/7033\/revisions"}],"predecessor-version":[{"id":8350,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/7033\/revisions\/8350"}],"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=7033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=7033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=7033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}