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FX RATES AND USDINR FWDS :

By Goodwill
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August 2, 2023

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate August 2, 2023

Major developments:

USD is now at 82.40. USDINR opened at 82.36. Fwd premia – 1 year fwdpremia is at 1.55% p.a. -Spot Rupee and Asian FX Currencies are under pressure due to climb in Oil prices. -Indian PMI(mfrg) remained robust at 57.7. -US, UK and EU PMI (mfrg) remained in contraction mode. -Fitch Cut US AAA rating to AA+. -Oil prices climb on steep drawdown in US Oil inventory. RBI ref rates

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-USDINR is at 82.40.Prior day’s close was 82.26.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.17%.

-USDINR 1 yr fwd premia is at 1.56%.

USDINR @ 82.40, EUR/USD@ 1.0984, GBP/USD @ 1.2775, USD/JPY @ 143.16, EUR/INR @ 90.51, GBP/INR @ 105.27, JPY/INR @ 57.56Gold@1994, Brent Crude @ 85.10, Nifty @ 19743(-9), 10 Year G-SEC @ 7.15%.

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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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