Cover Positions taken yesterday. Sell JPY/INR 5 Lots @Rs 56.57, and Sell 5 Lots USD/INR 68 Put @Rs 1.12. Profit in
JPY/INR =Rs 0.47 X 5000 = Rs 2350. Loss in USD/INR 68 Put= Rs 0.12X 5000= Rs 600. Brokerage+Taxes should be around Rs 150, Thus Net Profit =Rs 2350-600-150=Rs 1600. This amounts to 1.6% in 2 working days by operating at 15% of the total margin i.e. with more than sufficient safety margin. Tine 4.43 pm