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Will an importer book a forward purchase contract or forward sale contract to mitigate his risk? Pls explain
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An importer is expecting to pay in future in foreign currency,hence he is in need of foreign currency .Thus he will book a forward purchase contract to buy on a future date and then use to pay the Vendor outside india.
Thank you. One more doubt..importer booked a forward contract @ 64.40 and bank covering its position in the market @ 64.28..does it mean bank books a forward sale
good clarification and information
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