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FX RATES AND USDINR FWDS :

By Goodwill
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January 17, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate January 17, 2024

Major developments:

USD is now at 83.12. USDINR opened at 83.14. Fwd premia – 1 year fwd premia is at 1.90% p.a.

-Focus is on US retail sales.

-Chinese Q4 GDP climbed 5.2%.

-Euro declines below important support level against USD.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
16-Jan-24	82.98	105.23	90.61	56.79

-USDINR is at 83.12.Prior day’s close was 83.13.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.15%.

-USDINR 1 yr fwd premia is at 1.90%.

USDINR @ 83.12, EUR/USD@ 1.0865, GBP/USD @ 1.2611, USD/JPY @ 147.45, EUR/INR @ 90.29, GBP/INR @ 104.81, JPY/INR @ 56.36. Gold@2020, Brent Crude @ 78, Nifty @ 21738(-291), 10 Year G-SEC @ 7.15%.

Hedging:

USDINR payables can be hedged at 82.92/82.85 .

USD EXPORTS can be hedged at 83.35/83.40.

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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