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+91 80122 78000

Business Enquiry :

044 4032 9999 / 044 4020 5050

FX RATES AND USDINR FWDS :

FX RATES AND USDINR FWDS :
  • By Goodwill
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  • March 22, 2024

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate March 22, 2024

Major developments:

USD is now at 83.38. USDINR opened at 83.28. Fwd premia – 1 year fwd premia is at 1.58% p.a.
 
-Swiss Central bank cut rates by 25 bps in a surprise move, sending flows into USD.
 
-BOE maintained rates and offered no clear future guidance.
 
-Rupee weakened to 83.40 on cash Dollar shortage, fiscal year payments, broad USD gains against majors and Yuan weakness.
 
-US is proposing to limit US MF’S investments in Chinese stocks 
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
21-Mar-24 83.13 106.36 90.91 55.06
 
-USDINR is at 83.38.Prior day’s close was 83.12.
 
-Indian Equity indices recover.
 
-Indian 10 year G-SEC yield is at 7.07%.
 
-USDINR 1 yr fwd premia is at 1.61.%.
 
USDINR @ 83.38, EUR/USD@ 1.0835, GBP/USD @ 1.2643, USD/JPY @ 151.57, EUR/INR @ 90.36, GBP/INR @ 105.44, JPY/INR @ 55.01. Gold@2174, Brent Crude @ 85.20, Nifty @ 22042(+31), 10 Year G-SEC @ 7.07%.
 
Hedging:
USDINR receivables can be hedged . 
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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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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