Comment on How much should I pay for a Dollar next year?
commented on
23 Jan 2014, 07:39 PM
1. Yes Puneet, you will be able to very easily enter and exit 100 lots of USDINR, without any impact cost as such.
2. 100 lots of USDINR is $100,000, so if you are long at 62.0775 (it cannot be 0.0771, because minimum tick size is 0.0025) and if you buy buy back at 62.0000, you make a loss of 0.0775 x 100,000 = Rs 7750.