currency f&o

1. Gains/Loss under the head F&O will be considered as Non-speculative and it also applies to currency products. 
2. Hence, income/ loss will be classified under Business income and it will never be considered as speculative income and loss if any can be carry forwarded for a period of 8 AY. 
3. For whatever the purpose F&O's are used it will be categorized under non-speculative income. 
Please correct me if the above solution has an alternative view.