May 02, 2020

Positions in Foreign Currency in table format discribed here

                                                   Positions in Foreign Currency
Where no balance is receivable or payable (sale=purchase) Closed Position
Where balance is either receivable or payable (i.e. sale greater than purchase or purchase greater than sale) Open Position
where sale greater than purchase oversold position or short position
Where purchase greater than sale overbought position or Long Position
Oversold(short) position is squared by Purchase of foreign currency
If rates are increasing while squaring short position Bank incurs loss
If rates are declining while squaring short position Bank gains
Overbought or Long position is squared by Sale of foreign currency
If rates are increasing while squaring the Long position Bank gains
If rates are declining while squaring Long position Bank incurs loss
Balance in hand during day time Day Light position
Balance in hand at close of the day Overnight Position

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