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FX RATES AND USDINR FWDS :

By Goodwill
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November 21, 2023

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate November 21, 2023

Major developments:

USD is now at 83.34. USDINR opened at 83.32. Fwd premia – 1 year fwd premia is at 1.62% p.a.

-US FOMC minutes is the key event for the week.

-OPEC is meeting on Nov 26 th and could consider extending supply cuts.

RBI rates

Trade Date	1 USD	1 GBP	1 EUR	100 YEN
20-Nov-23	83.33	103.98	90.98	55.87

-USDINR is at 83.34.Prior day’s close was 83.35.

-Indian Equity indices climbs.

-Indian 10 year G-SEC yield is at 7.24%.

-USDINR 1 yr fwd premia is at 1.62%.

USDINR @ 83.34, EUR/USD@ 1.0958, GBP/USD @ 1.2530, USD/JPY @ 147.47, EUR/INR @ 91.35, GBP/INR @ 104.43, JPY/INR @ 56.51. Gold@1992, Brent Crude @ 82, Nifty @ 19780(+86), 10 Year G-SEC @ 7.23%.

Hedging:

USDINR payables can be hedged on dips to 83.10 . Eur receivables can be hedged now . 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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