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FX RATES AND USDINR FWDS :

By Goodwill
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August 6, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate August 06, 2024

USD is now at 83.87. USDINR opened at 83.83. Fwd premia – 1 year fwd premia is at 2% p.a.

-Rupee has clawed back to 83.85 from y’day’s low of 84.10.

-Global Equity markets are bouncing back on bargain buying.

-Fed member assuaged markets that Fed would work to prevent downturn in labor market.

-USDINR premia has climbed to 2%.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
5-Aug-24	83.84	106.71	91.44	58.82

-USDINR is at 83.87.Prior day’s close was 84.09.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.99%.

-USDINR 1 yr fwd premia is at 2%.

USDINR @ 83.87, EUR/USD@ 1.0953, GBP/USD @ 1.2776, USD/JPY @ 145.59, EUR/INR @ 91.87, GBP/INR @ 107.17, JPY/INR @ 57.61. Gold@2409, Brent Crude @ 77.25, Nifty @ 24206(+150), 10 Year G-SEC @ 6.99%.

Hedging:

USDINR receivables can be hedged at 84.10.

Payables can be covered on dips to 83.60.

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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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