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Lock the imported input cost

Currency risk · Fictional case

The situation

A fictional importer owes $20,000 in 90 days. Its project budget allows ₹17 lakh for the invoice. It can buy all dollars forward at ₹84.50/USD, hedge half, or wait. Stress spot at ₹90/USD. Ignore fees and assume the invoice amount and date are fixed.

The decision

Which choice stays within the INR budget at the stress rate?

Study hedge a currency payable