Can I buy a USD-INR put option if I am bearish on the US dollar i.e. I expect the dollar to weaken from current levels?

Can I buy a USD-INR call options if I am bullish on the US dollar i.e. I expect the dollar to strengthen?

What can I do if I expect the dollar to strengthen but not strengthen too much? Can I buy a USD-INR call option in this case?

Is there a specific strategy for me to follow if I am moderately bearish on the US dollar and expect the dollar to weaken marginally?

I am negative on the US dollar and expect it to weaken. But I also want protection in case the dollar strengthens. What can I do as a currency strategy?

Is it also possible to use covered put when we are moderately bearish on the dollar and expect it to moderately weaken vis a vis the rupee? What would be the payoffs in this case?

Can I also sell a USD-INR put option and how can I benefit from selling the USD-INR put option?

I am planning to start options trader more as a buyer of calls and puts. Are there some basic things that I must remember?

I am positive on the US dollar strengthening but I also want protection in case the dollar weakens. What can I do as a currency strategy?

What are the justifications for buying put options?

For salaried income tax payers, are there are any specific tax exemptions that we can expect from Nirmala Sitharaman’s Budget?