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FX RATES AND USDINR FWDS :

By Goodwill
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June 5, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate June 5, 2024

Major developments:

USD is now at 83.43. USDINR opened at 83.46. Fwd premia – 1 year fwd premia is at 1.58% p.a.

-Rupee and Equity markets recover from y’day’s fall.

-US employment data is the crucial event for the week.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
4-Jun-24	83.5	106.86	91.02	53.52
3-Jun-24	83.07	105.8	90.15	52.81

-USDINR is at 83.43.Prior day’s close was 83.49.

-Indian Equity indices climb steeply.

-Indian 10 year G-SEC yield is at 7.04%.

-USDINR 1 yr fwd premia is at 1.58%.

USDINR @ 83.43, EUR/USD@ 1.0879, GBP/USD @ 1.2782, USD/JPY @ 155.99, EUR/INR @ 90.75, GBP/INR @ 106.63, JPY/INR @ 53.48. Gold@2330, Brent Crude @ 77.80, Nifty @ 22385(+510), 10 Year G-SEC @ 7.04%.

Hedging:

USDINR payables 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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