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FX RATES AND USDINR FWDS :

FX RATES AND USDINR FWDS :
  • By Goodwill
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  • February 14, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate February 14, 2024

Major developments:

USD is now at 83.08. USDINR opened at 83.09. Fwd premia – 1 year fwd premia is at 1.73% p.a.
 
-US CPI climbed 3.1% y/y and 0.3% m/m, stronger than expected.
 
-USD rallied, yields climbed and stocks fell after strong CPI data.
 
-USDINR fwd premia edged lower as rate differentials fell. Spot gained with USDINR at 83.09.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
13-Feb-24 83.02 104.75 89.39 55.53
 
-USDINR is at 83.08.Prior day’s close was 83.02.
 
-Indian Equity indices decline.
 
-Indian 10 year G-SEC yield is at 7.13%.
 
-USDINR 1 yr fwd premia is at 1.73.%.
 
USDINR @ 83.08, EUR/USD@ 1.0712, GBP/USD @ 1.2603, USD/JPY @ 150.43, EUR/INR @ 88.99, GBP/INR @ 104.70, JPY/INR @ 55.23. Gold@1992, Brent Crude @ 82.65, Nifty @ 21600(-142), 10 Year G-SEC @ 7.13%.
 
Hedging:
USDINR payables can be hedged at 82.92/82.85 . USD EXPORTS can be hedged at 83.18/83.35.
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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Goodwill Wealth Management Pvt Ltd |       MCX : 11095 | SEBI Regn. No : INZ000177036
MSEI : 11240 | NSE : 90097 | BSE : 6648
Clearing Code |       NSE : M52003 | BSE : 6648
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Research Analyst |       SEBI Regn. No : INH200005179
Mutual Funds |   ARN : 182218
Goodwill Wealth Management Pvt Ltd: MCX : 11095 | SEBI Regn. No : INZ000177036
MSEI : 11240 | NSE : 90097 | BSE : 6648
Clearing Code : NSE : M52003 | BSE : 6648
CDSL DP : DP ID : 12084200 | SEBI Regn. No : IN - DP - CDSL - 309 - 2017
Research Analyst : SEBI Regn. No : INH200005179
Mutual Funds : ARN : 182218
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades.

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