against USD..
Let Play the game on Crude Oil as per International Market behaviours..
Bought 4 lots Crude Oil @ 6861
Sold 4 lots Crude Oil @7461
Net Profit Rs 600 X100 = Rs 60,000
For 4 lots 4 X 600 =Rs 2, 40,000.
Brokerage 4 X 400 = Rs 1600
Investment for 4 lots = 1 lakh
Net Profit = Rs 2, 38,400 on One Day Trading..
The Indian currency on Tuesday hit an all-time low closing the day at 66.24 against the dollar . Currency traders say that heavy dollar demand from importers and foreign institutional investors (FII) is one of the key reasons behind the rupee's free-fall. Pressure on emerging market currencies also weighted on the rupee today.