💨 Abstract

Indian importers have faced losses due to the sharp decline and increased volatility of the Indian rupee. They used a strategy called the 'seagull' to hedge forex risks at a lower cost, but this strategy does not lock in a predefined rate and leaves them exposed during currency fluctuations. With the rupee plunging 3% since Donald Trump's election and volatility spiking, importers are now losing 1-1.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖