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FX RATES AND USDINR FWDS :

By Goodwill
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July 1, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate July 1, 2024

Major developments:

USD is now at 83.43. USDINR opened at 83.39. Fwd premia – 1 year fwd premia is at 1.64% p.a.

-Focus is on US employment and Global ISM data.

-Indian Equity markets continue to climb in anticipation of important economic decisions in budget.

-FII’S invested Rs 24500 Cr in Equities and Rs 15500 Cr in debt in June.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
28-Jun-24	83.45	105.46	89.25	51.86

-USDINR is at 83.43.Prior day’s close was 83.38.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.01%.

-USDINR 1 yr fwd premia is at 1.64%.

USDINR @ 83.43, EUR/USD@ 1.0756, GBP/USD @ 1.2671, USD/JPY @ 161.05, EUR/INR @ 89.75, GBP/INR @ 105.73, JPY/INR @ 51.80. Gold@2324, Brent Crude @ 85.60, Nifty @ 24035(+112), 10 Year G-SEC @ 7.01%.

Hedging: USDINR receivables can be hedged at 83.60+.

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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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