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FX RATES AND USDINR FWDS :

By Goodwill
144 Comments
August 25, 2023

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate August 25, 2023

Major developments:

USD is now at 82.65. USDINR opened at 82.66. Fwd premia – 1 year fwd premia is at 1.63% p.a.

-US Fed Chairman will be speaking today.

USDINR View: USDINR has supports at 82.35/82.25. Resistance is now at 82.70/82.86.

RBI rates

Trade Date	1 USD	2 GBP	1 EUR	100 YEN
24-Aug-23	82.55	105.02	89.73	56.9

-USDINR is at 82.65.Prior day’s close was 82.57.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.20%.

-USDINR 1 yr fwd premia is at 1.63%.

USDINR @ 82.65, EUR/USD@ 1.0788, GBP/USD @ 1.2570, USD/JPY @ 146.25, EUR/INR @ 89.17, GBP/INR @ 103.89, JPY/INR @ 56.52. Gold@1941, Brent Crude @ 83.75, Nifty @ 19327(-58), 10 Year G-SEC @ 7.20%.

Hedging:

USDINR payables can be hedged at 82.35/82.25. Eur receivables can be hedged closer to 90.10+.

GBPINR receivables can be hedged closer to 105.

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Risk Disclosures
on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to ₹ 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Source: SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

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