n NISM Certifications
XIII NISM Series XIII
Medium

A trader in currency markets believes that GBPUSD will move from 1.75 to 1.79 in the next 1 month. Which of the following would you do to execute this view using currency futures contract of GBPINR and USDINR?

Practice question from NISM Series XIII for SIF - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Short GBPINR, Long USDINR

  2. Long GBPINR, Short USDINR

    Correct answer

  3. C

    Long GBPINR

  4. D

    Short GBPINR

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

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