Mr. X, an active stock market investor decides to invest (Buy)
USD 250000 for a period of 6 month in S&P 500. The spot
USD/INR rate at that time was 48.25 and currency futures rate
was.48.65. After 6 months, the market moves as per his
expectation and his investment goes up by 15 %. If spot
USD/INR exchange rate moves to 45.46 and currency futures
rate moves to 45.95, what position he has to take in futures
contracts and how much profit/loss he makes.