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FX RATES AND USDINR FWDS :

By Goodwill
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December 28, 2023

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate December 22, 2023

Major developments:

USD is now at 83.28. USDINR opened at 83.27. Fwd premia – 1 year fwd premia is at 1.78% p.a.

– No major developments expected this week. Market is expected to be thin.

USDINR outlook: Exporters can hedge and importers can wait to hedge at around 82.80 zone.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
27-Dec-23	83.22	106.08	92.01	58.41

-USDINR is at 83.28.Prior day’s close was 83.33.

-Indian Equity indices climb.

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

-USDINR 1 yr fwd premia is at 1.78%.

USDINR @ 83.28, EUR/USD@ 1.1116, GBP/USD @ 1.2815, USD/JPY @ 141.28, EUR/INR @ 92.58, GBP/INR @ 106.73, JPY/INR @ 58.95. Gold@2086, Brent Crude @ 79.50, Nifty @ 21707(+52), 10 Year G-SEC @ 7.20%.

Hedging:

USDINR payables can be hedged on dips to 83.27/83.30 .

Eur receivables can be hedged now .

GBPINR receivables can be hedged now.

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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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