Comment on MCX - Profit/Loss for every 1 Rs change
commented on
21 Oct 2015, 04:30 PM
Hi,
I am an existing zerodha client and new to commodities. Before starting i want to ask if prices at mcx are dollar hedged or not. For example say hypothetically crude is trading at 3000 Rs per barrel(50 dollars) and usd/inr is at 60; i short 1 lot. Assuming next day both crude and rupee are down 5 percent globally, in this scenario will next day crude prices be at 2850 a barrel or 2992 a barrel(owing to fall in the rupee). If the later scenario is true is there a way to hedge my position from the exchange or i should do it myself .
Thanks and regards,
Raj