NISM Series I (Currency Derivatives) Practice Questions - NISM-Series-I Currency Derivatives Certification Examination Exam

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An Indian textile exporter has an upcoming USD receivable in three months. What is the primary role of this exporter in the currency derivatives market?

To speculate on the appreciation of the Indian Rupee To hedge against the risk of the US Dollar depreciating To arbitrage price differences between the spot and futures markets To act as a market maker providing liquidity to other participants

Correct Answer:

To hedge against the risk of the US Dollar depreciating

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