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FX RATES AND USDINR FWDS :

By Goodwill
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September 5, 2023

FX RATES AND USDINR FWDS :

FX Rates and USD INR Forward Rate September 5, 2023

Major developments:

USD is now at 82.83. USDINR opened at 82.78. Fwd premia – 1 year fwd premia is at 1.64% p.a.

-US CPI and PPI are key events for the week.

USDINR View: USDINR could trade in the 82.60-82.95 range this week and trade up to 83.30 this month.

RBI rates

Trade Date	1 USD	1 GBP	1 EUR	100 YEN
04-Sep-23	82.73	104.35	89.25	56.6

-USDINR is at 82.83.Prior day’s close was 82.74.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.19%.

-USDINR 1 yr fwd premia is at 1.64%.

USDINR @ 82.83, EUR/USD@ 1.0793, GBP/USD @ 1.2627, USD/JPY @ 146.66, EUR/INR @ 89.38, GBP/INR @ 104.58, JPY/INR @ 56.47.

Gold@1965, Brent Crude @ 89, Nifty @ 19556(+27), 10 Year G-SEC @ 7.19%.

Hedging:

USDINR payables can be hedged at 82.60. Eur receivables can be hedged.

GBPINR receivables can be hedged closer to 105.50/106.

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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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