Interbank spot rate for USD is 49.89/50.11
One month deposit rate in India is 5%
One month funds can be borrowed in USA at 4%
What will the bank quote?
Please help
KINDLY send the calculation sheet please
ans.50.36
| 50.36971154 |
Please advise the working sheet and formula, Sir
49.89 +5% /1.04= 50.3697
Dear All
Te correct forward rate is 49.94
Thanks for participation
Awni Ranjan
Shaswat initial support private limited
Ahmedabad
CS
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CAclubindia
