INTRADAY CURRENCY OPTION : Buy USDINR JULY

• July 23, 2021
• By Ruhul AMIN Mondal
• 61 Views 263 comments

USDINR: USDINR Perfectly followed the trend. Retail Swing Traders in 38 minutes. On June 12 I have shared the USDINR Trend reversal and you can see it has How do you trade currency options? If you expect the dollar to strengthen versus the rupee, you can buy a call option on the USDINR. You can select the strike price based on your view. Similarly, if you are expecting the dollar to weaken versus the rupee, you can buy a put option on the USDINR.
Replying to @himanshudc10. Himanshu, CDS is under NSE (Currency), whereas BCD is under BSE (Currency). USDINR is the currency pair traded on both these exchanges.29-Jun-2020 .
Currency derivatives are extremely accessible to retail investors. The lot size is just $1000, and the margin is normally as low as 2.5% even if you consider both the SPAN and extreme loss margins. Surely, USDINR offers an important development in the hedging of currency risk! .
The USDINR futures near month contract closed at 71.22 on Friday. Getty Images A dollar-rupee futures contract allows you to buy or sell the dollar at a predetermined price for delivery on a future date. The value of a currency, just like any other commodity, is determined by supply and demand. The supply of a currency and its demand in the market. Let us consider the example of USDINR pair to understand this better. The RBI maintained a reserve of US dollars to ensure fixed exchange rate

Script Name –USDINR

Expire Date-JULY

Strike Price-74.50 CE

Buy Price –0.16-0.18

Profit Target-0.33

Stop Loss-0.10

Call Duration-INTRADAY

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