How to play the weak rs

1. How to Play the Weak Rs.
Ahead of Fed Meeting

2. Contd…
The dollar index's climb took it to a six-month high this week. With US Fed
likely to hike rates for the first time since 2006 on December 15, the rupee
may fall more. Currency brokers are advising clients to mount bullish bets on
NSE dollar-rupee futures.The risky trade, where rupee is sold and dollar
bought, could earn gross returns of up to 36% in the next two weeks.Here is
how it works:
A trader can buy one dollar-rupee Dec futures contract ($1000) worth
`66,300 by putting up a margin of 5%, or `3,315. If the call goes right and the
contract moves up to 67,500 (Re weakens to 67.5 from 66.3), the client gains
`1,200 on `3,315, or 36.2%. However, if by chance the govt is able to pass
important bills like GST or if the Fed leaves the rate untouched, the rupee
could strengthen, exposing traders to huge mark-to-market losses. Thus,
brokers are advising them to trade with a stop loss at `65.50. -Ram Sahgal

3. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother
marketingandcommunicationconsultants.com)
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
Address:-First Floor G-20(A), Kirti Nagar, New Delhi India Postal Code-110015