Spot Rate 85.

506 1/1/2025
Name Bid Ask Bid Forward Rate Formula
USDINR ON FWD 0.75 2.5 85.5135
USDINR TN FWD 6.5 10.5 85.571
USDINR SN FWD 0.5 2.25 85.511
USDINR SW FWD 7 10 85.576
USDINR 1M FWD 26.5 28.5 85.771
USDINR 2M FWD 45 47 85.956
USDINR 3M FWD 65.5 67.5 86.161
USDINR 4M FWD 89 91 86.396
USDINR 5M FWD 103.5 105.5 86.541
USDINR 6M FWD 117.5 119.5 86.681
USDINR 7M FWD 133.25 135.25 86.8385
USDINR 8M FWD 147 149 86.976
USDINR 9M FWD 162 164 87.126
USDINR 10M FWD 177 179 87.276
USDINR 11M FWD 191 193 87.416
USDINR 1Y FWD 206 208 87.566
USDINR 2Y FWD 282.723 311.491 88.33323
Ask Forward Rate Formul
85.531
85.611
85.5285
85.606
85.791
85.976
86.181
86.416
86.561
86.701
86.8585
86.996
87.146
87.296
87.436
87.586
88.62091
 Name Bid Ask
USDINR 1M FWD 26.5 28.5
USDINR 2M FWD 45 47
USDINR 3M FWD 65.5 67.5
USDINR 4M FWD 89 91
USDINR 5M FWD 103.5 105.5
USDINR 6M FWD 117.5 119.5
USDINR 7M FWD 133.25 135.25
USDINR 8M FWD 147 149
USDINR 9M FWD 162 164
USDINR 10M FWD 177 179
USDINR 11M FWD 191 193
USDINR 1Y FWD 206 208
USDINR 2Y FWD 282.72 311.49
Months Bid_Premium_%_Formula Ask_Premium_%_Formula
1 3.72 4.00
2 3.16 3.30
3 3.06 3.16
4 3.12 3.19
5 2.91 2.96
6 2.75 2.80
7 2.67 2.71
8 2.58 2.61
9 2.53 2.56
10 2.48 2.51
11 2.44 2.46
12 2.41 2.43
24 1.65 1.82
 Name Spot Rate (USD/INR)
1M Forward Bid 85.506
1M Forward Ask 85.506
Forward Points (pips) Spot Rate (INR/USD)
26.5 0.0116950857249784
28.5 0.0116950857249784
Indirect Forward Rate (USD/INR) Direct Forward Adjustment
85.771 0.000036245
85.791 0.000038981
Direct Forward Rate (INR/USD) 1
0.011658840341998 85.772
0.01165610 85.792
 Expiration Bid Ask Mid Points Premium (%)
Overnight 86.0723 86.118 86.0951 1.25 0.012%
Tomorrow Next 86.0725 86.1182 86.0953 3.25 0.035%
Spot Next 86.072 86.1182 86.0951 1 0.012%
One Week 86.0729 86.1186 86.0957 7.125 0.081%
Two Week 86.0735 86.1192 86.0963 13.265 0.151%
Three Week 86.0741 86.1198 86.0969 19.215 0.221%
One Month 86.0747 86.1204 86.0976 25.7 0.302%
Two Month 86.0768 86.1224 86.0996 45.9 0.534%
Three Month 86.0791 86.1248 86.102 69.55 0.813%
Four Month 86.0815 86.1272 86.1043 93.35 1.080%
Five Month 86.0832 86.129 86.1061 110.95 1.289%
Six Month 86.0847 86.1305 86.1076 125.95 1.463%
Seven Month 86.0864 86.1322 86.1093 142.85 1.661%
Eight Month 86.0881 86.1338 86.111 159.55 1.858%
Nine Month 86.0896 86.1354 86.1125 175.1 2.033%
Ten Month 86.0913 86.1371 86.1142 192 2.230%
Eleven Month 86.0929 86.1387 86.1158 208.2 2.416%
One Year 86.0946 86.1404 86.1175 224.8 2.613%
As of: 06:11 Jan 03, 2025,
GMT+5:30
Spot Rate: 86.095
Expiration Bid Ask Mid
Overnight 86.0723 86.118 86.0951
Tomorrow Next 86.0725 86.1182 86.0953
Spot Next 86.072 86.1182 86.0951
One Week 86.0729 86.1186 86.0957
Two Week 86.0735 86.1192 86.0963
Three Week 86.0741 86.1198 86.0969
One Month 86.0747 86.1204 86.0976
Two Month 86.0768 86.1224 86.0996
Three Month 86.0791 86.1248 86.102
Four Month 86.0815 86.1272 86.1043
Five Month 86.0832 86.129 86.1061
Six Month 86.0847 86.1305 86.1076
Seven Month 86.0864 86.1322 86.1093
Eight Month 86.0881 86.1338 86.111
Nine Month 86.0896 86.1354 86.1125
Ten Month 86.0913 86.1371 86.1142
Eleven Month 86.0929 86.1387 86.1158
One Year 86.0946 86.1404 86.1175
Points
1.25
3.25
1
7.125
13.265
19.215
25.7
45.9
69.55
93.35
110.95
125.95
142.85
159.55
175.1
192
208.2
224.8
 Expiration Bid Ask Mid Points Premium (%)
Overnight 86.0723 86.118 86.0951 1.25 0.01%
Tomorrow Next 86.0725 86.1182 86.0953 3.25 0.03%
Spot Next 86.072 86.1182 86.0951 1 0.01%
One Week 86.0729 86.1186 86.0957 7.125 0.08%
Two Week 86.0735 86.1192 86.0963 13.265 0.15%
Three Week 86.0741 86.1198 86.0969 19.215 0.22%
One Month 86.0747 86.1204 86.0976 25.7 0.30%
Two Month 86.0768 86.1224 86.0996 45.9 0.53%
Three Month 86.0791 86.1248 86.102 69.55 0.81%
Four Month 86.0815 86.1272 86.1043 93.35 1.08%
Five Month 86.0832 86.129 86.1061 110.95 1.29%
Six Month 86.0847 86.1305 86.1076 125.95 1.46%
Seven Month 86.0864 86.1322 86.1093 142.85 1.66%
Eight Month 86.0881 86.1338 86.111 159.55 1.86%
Nine Month 86.0896 86.1354 86.1125 175.1 2.03%
Ten Month 86.0913 86.1371 86.1142 192 2.23%
Eleven Month 86.0929 86.1387 86.1158 208.2 2.42%
One Year 86.0946 86.1404 86.1175 224.8 2.61%
 ` Mid Spot Rate Points
Overnight 86.0951 86.095 1 0.0001 10000
Tomorrow Next 86.0953 86.095 3 0.0003 10000
Spot Next 86.0951 86.095 1
One Week 86.0957 86.095 7
Two Week 86.0963 86.095 13
Three Week 86.0969 86.095 19
One Month 86.0976 86.095 26
Two Month 86.0996 86.095 46
Three Month 86.102 86.095 70
Four Month 86.1043 86.095 93
Five Month 86.1061 86.095 111
Six Month 86.1076 86.095 126
Seven Month 86.1093 86.095 143
Eight Month 86.111 86.095 160
Nine Month 86.1125 86.095 175
Ten Month 86.1142 86.095 192
Eleven Month 86.1158 86.095 208
One Year 86.1175 86.095 225
1
3

The reason for multiplying by 10,000 when calculating forward points in foreign exchange

What are Pips?

A pip (percentage in point) is the smallest price move in forex trading.

Why Multiply by 10,000?

Since a pip is the fourth decimal place (0.0001), multiplying the difference by
oints in foreign exchange (forex) is to express the difference between the spot rate and forward rate in

50 to 86.0960, this is a 10 pip movement.

difference by 10,000 converts the decimal difference to pip format.