Hedging of Oil price versus US Dollar versus a host currency

Given the rise of Brent Crude versus the valuation of US Dollars as a currency, it is necessary to hedge the prices against the inventory post production. If a 2% spread is taken out for INR versus USD, then we arrive at a range, within which Brent Crude can be priced for hedging. Hence, it becomes important for hedging a currency vis-a-vis the rise and fall of the Brent Crude. Too much volatility can affect exchange rates, as well as affect inventory levels. The host currency is taken to be INR. Here is an approach. Oil versus Dollar Hedging_of_Brent_Crude_Oil_versus_US_Dollars