How to Protect my Euros against Exchange rate risk.

Dear Investors,

I am an individual working on a foreign assignment and expect to get Euros in Dec 2011.

What is the facillity avialable in NSE/BSE, to lock the best price (exchange rate) in dec.

What are the procedures?

I just have a demat account.

Any quick help is highly appreciated.

Regards.
NT

Find a good broking firm for currency trading and take the brokers advice Purchase / Sell Euro Inr Dec or jan contract acccording to your expected value of euros GOODLUCK

Not worth doing anything.... till you get it in hand...

SG

Thanks a lot for your reply.

please suggest any good brokerage firms.

i will get euros for sure

Friend, Tell me one thing, how would u come to a conclusion that u have locked in the best price. ?

I am expecting some procedures to lock a price..
Please..

Let me know what has to be done.

What kind of service provider i need to choose?

WHich instrument exactly to be used to 'lock the price'

I see EURINR in nse web site, please guide me how to buy/what to buy an d what parameters to look at..

Thanks in Advance..

Any guidance is highly appreciated.
Regards,
Nagappan K

choudri has already posted the answer.
The point is, you must know what price to lock.