Comment on MCX - Profit/Loss for every 1 Rs change

Nithin Kamath commented on 21 Oct 2015, 10:16 PM

When you trade crude or any other international commodity, you are trading them In rupees. IF both crude and dollar is down 5%, then the impact on your position will be 5% + 5%, so next day it will open at Rs 2700 (10% below Rs 3000). You can hedge your currency risk on the currency exchanges.

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