Understand that we have been given Options on Home Currency i.e. Yen/INR (and not Yen)
So, we are afraid of Yen rising i.e. INR falling
Therefore, we buy a Put in the home currency(INR), which is same as Call option in Yen, but the same is not provided in the Q
PS: Dont post same Q repetitvely, it leads to unnecessary clutter, have patience, someone will eventually reply.
SSGS and Associates
Chennai
CA Inter
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Aggarwal Sarawagi and Co
New Delhi
CA
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CAclubindia
