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FX RATES AND USDINR FWDS :

By Goodwill
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July 12, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate July 12, 2024

Major developments:

USD is now at 83.52. USDINR opened at 83.53. Fwd premia – 1 year fwd premia is at 1.66% p.a.

-US CPI declined -0.1% m/m, lowest in last 3 years.

-US CPI climbed only 2.1% in last 3 months y/y.

-USD declined against majors.

-Indian Equities continue to climb.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
11-Jul-24	83.53	107.44	90.52	51.65

-USDINR is at 83.52.Prior day’s close was 83.59.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.97%.

-USDINR 1 yr fwd premia is at 1.66%.

USDINR @ 83.52, EUR/USD@ 1.0869, GBP/USD @ 1.2912, USD/JPY @ 159.05, EUR/INR @ 90.78, GBP/INR @ 107.84, JPY/INR @ 52.51. Gold@2406, Brent Crude @ 85.50, Nifty @ 24550(+231), 10 Year G-SEC @ 6.97%.

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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