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FX RATES AND USDINR FWDS :

By Goodwill
No Comments
May 31, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate May 31, 2024

Major developments:

USD is now at 83.29. USDINR opened at 83.25. Fwd premia – 1 year fwd premia is at 1.67% p.a.

-US Personal income, spending and Core PCE data are important data releases for the day.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
30-May-24	83.42	105.86	90.05	53.18

-USDINR is at 83.29.Prior day’s close was 83.29.

-Indian Equity indices recover marginally.

-Indian 10 year G-SEC yield is at 7%.

-USDINR 1 yr fwd premia is at 1.67%.

USDINR @ 83.29, EUR/USD@ 1.0819, GBP/USD @ 1.2721, USD/JPY @ 156.70, EUR/INR @ 90.10, GBP/INR @ 105.95, JPY/INR @ 53.14. Gold@2343, Brent Crude @ 81.75, Nifty @ 22500(+11), 10 Year G-SEC @ 7%.

Hedging: USDINR receivables can be hedged at 83.40.

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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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