n NISM Certifications
XIII NISM Series XIII
Medium

A trader feels that INR will depreciate against the USD in the coming months. Which currency futures transaction will be profitable for him if his view turns out to be true? (Assume all other conditions remain the same.)

Practice question from NISM Series XIII for SIF - Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Buy USDINR

    Correct answer

  2. B

    Sell USDINR

  3. C

    Take no action

  4. D

    Buy INRUSD

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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