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FX RATES AND USDINR FWDS :

By Goodwill
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February 12, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate February 12, 2024

Major developments:

USD is now at 83.01. USDINR opened at 83.02. Fwd premia – 1 year fwd premia is at 1.81% p.a.

-Indian CPI, IIP in focus this week.

-US CPI and retail sales are other important global data events for the week.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
9-Feb-24	83	104.71	89.4	55.55

-USDINR is at 83.Prior day’s close was 83.01.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.09%.

-USDINR 1 yr fwd premia is at 1.81.%.

USDINR @ 83.01, EUR/USD@ 1.0791, GBP/USD @ 1.2630, USD/JPY @ 149.22, EUR/INR @ 89.42, GBP/INR @ 104.83, JPY/INR @ 55.62. Gold@2023, Brent Crude @ 82, Nifty @ 21677(-105), 10 Year G-SEC @ 7.09%.

Hedging:

USDINR payables can be hedged at 82.92/82.85 . USD EXPORTS can be hedged at 83.35/83.40.

Eur payables can be hedged at 89.20/88.50 . 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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