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FX RATES AND USDINR FWDS :

By Goodwill
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April 5, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate April 5, 2024

USD is now at 83.43. USDINR opened at 83.43. Fwd premia – 1 year fwd premia is at 1.63% p.a.

-RBI maintains status quo. Repo rate unchanged at 6.5%.

-Inflation is expected to average 4.5% and GDP is expected to be 7% in this financial year.

-US employment data is important event for the day.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
4-Apr-24	83.45	105.6	90.49	55.02

-USDINR is at 83.43.Prior day’s close was 83.40.

-Indian Equity indices decline marginally..

-Indian 10 year G-SEC yield is at 7.12%.

-USDINR 1 yr fwd premia is at 1.63%.

USDINR @ 83.43, EUR/USD@ 1.0826, GBP/USD @ 1.2626, USD/JPY @ 151.25, EUR/INR @ 90.32, GBP/INR @ 105.32, JPY/INR @ 55.16. Gold@2279, Brent Crude @ 91, Nifty @ 22466(-47), 10 Year G-SEC @ 7.12%.

Hedging:

USDINR payables be hedged on decline to 83.27.

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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