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FX RATES AND USDINR FWDS :

By Goodwill
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March 14, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate March 14, 2024

Major developments:

USD is now at 82.87. USDINR opened at 82.85. Fwd premia – 1 year fwd premia is at 1.62% p.a.

-US retail sales is in focus.

RBI rates

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
13-Mar-24	82.9	106.06	90.59	56.19

-USDINR is at 82.87.Prior day’s close was 82.84.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.04%.

-USDINR 1 yr fwd premia is at 1.62.%.

USDINR @ 82.87, EUR/USD@ 1.0939, GBP/USD @ 1.2793, USD/JPY @ 147.87, EUR/INR @ 90.65, GBP/INR @ 106.01, JPY/INR @ 56.04. Gold@2173, Brent Crude @ 84, Nifty @ 22170(+72), 10 Year G-SEC @ 7.04%.

Hedging:

USDINR payables can be hedged at 82.60 . USD EXPORTS can be hedged at 82.90+.

Eur receivables can be hedged . 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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