Today USDINR made a new high of 90.48
Let's see how is a currency pair quoted-
USDINR or USD:INR or USD-INR: Is USD in terms of INR which is equal to 90.48
Or
INR/USD: Is INR per USD which is also equal to 90.48
In both the cases USD is the base currency and INR is the price
@shivammm_@CANehaNiharika Point2. It doesn't matters if price goes down, if it is above 7900 it will expire worthless giving her a 88 points gain (premium)
@shivammm_@CANehaNiharika Suppose on feb expiry day bajaj fin closes at 7800 she will take delivey at 7850(strike price) her portfolio will show a 50 point loss which she expects will get covered in the long term,
Apart from that the will make a 88 points profit(time value) net profit +38
@shivammm_@CANehaNiharika She doesn't holds Bajaj finance shares, she has sold bajaj finance puts
1. If price goes up she will make money equals to premium sold
2. If price goes down but its above 7900, same
3. If price goes down beyond 7900 she will take delivery still 88 rs time value is a gain
The stalker who is always slowly creeping up from behind.
Never stops trailing you no matter how far ahead you get
When you're running at a good pace it can be easy to ignore him, but when pace is slowing, his presence right behind is very uncomfortable
Spoiler alert: Historically, high inflation doesn’t come down and stay down unless interest rates are higher than the rate of inflation.
Current inflation: 8.3%
Current Fed Fund rate: 2.33%
Why did Mukesh spend 5500 cr on his house.
He is the sharpest businessman. Why did he not instead live in rented place & earn 20pct CAGR on his money🤠
Same for All top industrialists, top honchos, top celebrities
Bcos they all know there is some thing more valuable than CAGR