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FX RATES AND USDINR FWDS :

By Goodwill
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November 1, 2023

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate November 01, 2023

Major developments:

USD is now at 83.28. USDINR opened at 83.27. Fwd premia – 1 year fwd premia is at 1.60% p.a.

-US FOMC meeting and BOE rate decisions are important events for the week.

-US NFP is another important data release.

RBI rates

Trade Date	1 USD	1 GBP	1 EUR	100 YEN
31-Oct-23	83.27	101.16	88.32	55.42

-USDINR is at 83.28.Prior day’s close was 83.26.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.35%.

-USDINR 1 yr fwd premia is at 1.60%.

USDINR @ 83.28, EUR/USD@ 1.0568, GBP/USD @ 1.2133, USD/JPY @ 151.32, EUR/INR @ 88, GBP/INR @ 101.04, JPY/INR @ 55.03 Gold@1978, Brent Crude @ 85, Nifty @ 19042(-37), 10 Year G-SEC @ 7.35%.

Hedging:

USDINR payables can be hedged on dipes to 83.10 . Eur receivables can be hedged now and on rally 88.70.

GBPINR receivables can be hedged closer to 102.40/103.50.

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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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