{"id":7056,"date":"2024-08-06T11:35:56","date_gmt":"2024-08-06T06:05:56","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=7056"},"modified":"2024-08-31T11:02:28","modified_gmt":"2024-08-31T05:32:28","slug":"fx-rates-usdinr-forward-rate-august-06-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/fx-rates-usdinr-forward-rate-august-06-2024\/","title":{"rendered":"FX RATES AND USDINR FWDS :"},"content":{"rendered":"<h1>FX Rates and USD INR Forward Rate August 06, 2024<\/h1>\r\n<div><b><span style=\"font-family: arial;\"><span style=\"font-size: large;\">USD is now at 83.87. USDINR opened at 83.83. Fwd\u00a0<\/span><\/span><\/b><b><span style=\"font-family: arial;\"><span style=\"font-size: large;\">premia &#8211;<\/span><\/span><\/b><strong><span style=\"font-family: arial;\"><span style=\"font-size: large;\">\u00a0<\/span><\/span><\/strong><span style=\"font-family: arial;\"><span style=\"font-size: large;\"><strong>1\u00a0year\u00a0fw<\/strong><b>d <\/b><\/span><\/span><span style=\"font-family: arial;\"><span style=\"font-size: large;\"><b>premia is at 2% p.a<\/b><\/span><\/span><b><span style=\"font-family: arial;\">.<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">\u00a0<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">-Rupee has clawed back to 83.85 from y&#8217;day&#8217;s low of 84.10.<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">\u00a0<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">-Global Equity markets are bouncing back on bargain buying.<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">\u00a0<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">-Fed member assuaged markets that Fed would work to prevent downturn in labor market.<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">\u00a0<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">-USDINR premia has climbed to 2%.<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">\u00a0<\/span><\/b><\/div>\r\n<div><b><span style=\"font-family: arial;\">RBI rates<\/span><\/b><\/div>\r\n<div>\r\n<table style=\"height: 68px;\" width=\"472\">\r\n<tbody>\r\n<tr>\r\n<td style=\"text-align: center;\" width=\"74\"><strong>Trade Date<\/strong><\/td>\r\n<td style=\"text-align: center;\" width=\"65\"><strong>1 USD<\/strong><\/td>\r\n<td style=\"text-align: center;\" width=\"64\"><strong>1 GBP<\/strong><\/td>\r\n<td style=\"text-align: center;\" width=\"64\"><strong>1 EURO<\/strong><\/td>\r\n<td style=\"text-align: center;\" width=\"64\"><strong>100 YEN<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"text-align: center;\"><strong>5-Aug-24<\/strong><\/td>\r\n<td style=\"text-align: center;\"><strong>83.84<\/strong><\/td>\r\n<td style=\"text-align: center;\"><strong>106.71<\/strong><\/td>\r\n<td style=\"text-align: center;\"><strong>91.44<\/strong><\/td>\r\n<td style=\"text-align: center;\"><strong>58.82<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<div>\u00a0<\/div>\r\n<div><b>-USDINR is at 83.87.Prior day&#8217;s close was 84.09.<\/b><\/div>\r\n<div>\u00a0<\/div>\r\n<div><b>-Indian Equity indices climb.<\/b><\/div>\r\n<div><b>\u00a0<\/b><\/div>\r\n<div><b>-Indian 10 year G-SEC yield is at 6.99%.<\/b><\/div>\r\n<div>\u00a0<\/div>\r\n<div><b>-USDINR 1 yr fwd premia is at 2%.<\/b><\/div>\r\n<div>\u00a0<\/div>\r\n<div><b>USDINR @ 83.87,<\/b><b>\u00a0EUR\/USD@ 1.0953, GBP\/USD @ 1.2776, USD\/JPY @ 145.59<\/b><b>, EUR\/INR @ 91.87, <\/b><b>GBP\/INR @ 107.17,\u00a0<\/b><b>JPY\/INR @ 57.61. <\/b><b>Gold@2409, Brent Crude @ 77.25, Nifty @ 24206(+150), 10 Year G-SEC @ 6.99%.<\/b><\/div>\r\n<div>\u00a0<\/div>\r\n<div><b>Hedging: <\/b><\/div>\r\n<div><b>USDINR receivables can be hedged at 84.10. <\/b><\/div>\r\n<div><b>Payables can be covered on dips to 83.60.<\/b><\/div>\r\n<div>\u00a0<\/div>\r\n<div><strong>Click to open an Account<\/strong>\u00a0:\u00a0<a href=\"https:\/\/ekyc.gwcindia.in\/client\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/ekyc.gwcindia.in\/client\/<\/a><\/div>\r\n<div><strong>For all your investment needs feel free to reach us.<\/strong>\r\n<div>\r\n<div>\r\n<div><!-- \/wp:post-content -->\r\n\r\n<!-- wp:paragraph --><strong>Give us Missed Call us on 90037 90027 . For Support : 044-40329999<\/strong><\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"<p>FX Rates and USD INR Forward Rate August 06, 2024 USD is now at 83.87. USDINR opened at 83.83. Fwd\u00a0premia &#8211;\u00a01\u00a0year\u00a0fwd premia is at 2% p.a. \u00a0 -Rupee has clawed back to 83.85 from y&#8217;day&#8217;s low of 84.10. \u00a0 -Global Equity markets are bouncing back on bargain buying. \u00a0 -Fed member assuaged markets that Fed [&hellip;]<\/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-7056","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\/7056","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=7056"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/7056\/revisions"}],"predecessor-version":[{"id":8229,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/7056\/revisions\/8229"}],"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=7056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=7056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=7056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}