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FX RATES AND USDINR FWDS :

By Goodwill
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January 9, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate January 9, 2024

Major developments:

USD is now at 83.10. USDINR opened at 83.05. Fwd premia – 1 year fwd premia is at 1.84% p.a.

-Indian CPI, IIP and US CPI are key events for the week.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
8-Jan-24	83.07	105.58	90.89	57.59

-USDINR is at 83.10.Prior day’s close was 83.14.

-Indian Equity indices climb..

-Indian 10 year G-SEC yield is at 7.19%.

-USDINR 1 yr fwd premia is at 1.84%.

USDINR @ 83.10, EUR/USD@ 1.0956, GBP/USD @ 1.2747, USD/JPY @ 143.62, EUR/INR @ 91.05, GBP/INR @ 105.94 JPY/INR @ 57.87. Gold@2033, Brent Crude @ 76.25, Nifty @ 21644(+132), 10 Year G-SEC @ 7.18%.

Hedging:

USDINR payables can be hedged on dips to 83.03/82.92 .

USD EXPORTS can be hedged at 83.35/83.40.

Eur receivables can be hedged now .

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.

Attention Investor

Stock brokers can accept securities as margin from clients only by way of pledge in the depository system, effective from September 1, 2020. Please update your mobile number and email ID with your stock broker or depository participant to receive an OTP directly from the depository to create a pledge.
Pay 20% of the transaction value upfront in order to trade in the cash market segment. Investors are advised to refer to the Exchange’s Frequently Asked Questions (FAQs) issued in circulars NSE/INSP/45191 dated July 31, 2020, and NSE/INSP/45534 dated August 31, 2020, as well as other guidelines issued from time to time. Check your securities, mutual funds, and bonds in the consolidated account statement issued by NSDL/CDSL every month.

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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
CDSL DP \|		DP ID : 12084200 \| SEBI Regn. No : IN - DP - CDSL - 309 - 2017
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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