Forex

AFM

Sir in this question- 17. "exchange rate declines by 10% over 3 months" means.....yen depreciates or rupee depreciate?. As per my understanding, because I am an importer I have risk of appreciation in foreign currency and depreciation in home currency. So..I can consider that rupees is going to depreciate by 10% in 3 months. thats why I want to enter into forward contract. Please correct me if I am wrong.

Jaswanth Sai

CA Final

★ 0

14-Aug-24 10:10

382

Answers (2)

You are right

Sriram Somayajula

Admin

14-Aug-24 10:33

Thank you sir

Thread Starter

Jaswanth Sai

CA Final

★ 0

14-Aug-24 10:38

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