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FX RATES AND USDINR FWDS :

By Goodwill
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March 20, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate March 20, 2024

Major developments:

USD is now at 83.08. USDINR opened at 83. Fwd premia – 1 year fwd premia is at 1.61% p.a.

-US Fed meeting is the key event.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
19-Mar-24	82.94	105.41	90.13	55.17

-USDINR is at 83.08.Prior day’s close was 82.94.

-Indian Equity indices recover.

-Indian 10 year G-SEC yield is at 7.10%.

-USDINR 1 yr fwd premia is at 1.61.%.

USDINR @ 83.08, EUR/USD@ 1.0869, GBP/USD @ 1.2721, USD/JPY @ 151.55, EUR/INR @ 90.30, GBP/INR @ 105.71, JPY/INR @ 54.84. Gold@2160, Brent Crude @ 87.30, Nifty @ 21840(+25), 10 Year G-SEC @ 7.10%.

Hedging:

USDINR receivables can be hedged .

Eur receivables can be hedged . 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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