FX Rates and USD INR Forward Rate July 07, 2023

Major developments:

USD is now at 82.43. USDINR opened at 82.36. Fwd premia – 1 year fwdpremia is at 1.60% p.a.
-Fed’s minutes indicated further rate hikes. Members were concerned about inflation and tight labor market. Earlier expectation was for one rate hike in July.
-Eur/USD fell to 1.0840.
-US Yields inched higher with 10 Year at 3.94%.
-Due to climb in US Yields, USDINR fwd premia softened to 1.6% annualized for 1 year.-Indian PMI(services) remained robust at 58.5. However, it has declined from May levels.
-US employment, ISM(services) data, ADP employment report are important events for the week.

RBI ref rates

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-USDINR is at 82.43. Prior day’s close was 82.22.-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.13%.

-USDINR 1 yr fwd premia is at 1.60%.USDINR @ 82.43, EUR/USD@ 1.0843, GBP/USD @ 1.2704, USD/JPY @ 143.89, EUR/INR @ 89.38, GBP/INR @ 104.72, JPY/INR @ 57.28Gold@1925, Brent Crude @ 76.40, Nifty @ 19453(+54), 10 Year G-SEC @ 7.13%.

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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
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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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