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Importers Dont Cover, Exporters Sell Forwards

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BUSINESS STANDARD
Last Updated : Feb 26 2013 | 1:02 AM IST

If an importer today asks his authorised dealer (read banker) for a piece of advice, he will tell him (the importer) not to book forwards and keep the position open. And, for an exporter, the advice is: sell forwards without batting an eyelid.

Does it sound like a puzzle? These pieces of advice are two sides of the same coin: importers don

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First Published: Aug 26 2002 | 12:00 AM IST

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