Bid rate and offer/ask rate
This query is : Resolved
01 June 2014
Sir/Madam,
I need a elobarate view on the topic bid rate and ask rate. Im struggling with the base of SFM. Pls help me out
I need a elobarate view on the topic bid rate and ask rate. Im struggling with the base of SFM. Pls help me out
01 June 2014
you can refer JB gupta book for indepth knowledge.
Nikhil Kaushik
(Expert)
01 June 2014
its simple.
Bid rate refers to the price the buyer is willing to pay.
Offer/ask rate is the rate at which seller is ready to sell.
In reference to foreign exchange, the questions often come where bid/ask rate are given like INR/USD 60.10/60.40. this means that bank would buy at 60.10 and sell at 60.40
Bid rate refers to the price the buyer is willing to pay.
Offer/ask rate is the rate at which seller is ready to sell.
In reference to foreign exchange, the questions often come where bid/ask rate are given like INR/USD 60.10/60.40. this means that bank would buy at 60.10 and sell at 60.40
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