State Bank of India has offered a spot rate quote on Indian rupees (Rs) of Rs 43.54/$.
Question:
State Bank of India has offered a spot rate quote on Indian rupees (Rs) of Rs 43.54/$. The Indian rupee is quoted at a 30-day forward premium of 8.79 percent against the dollar. What is the 30-day forward quote?
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Spot rate Rs 4354 30day forward premium on the d...View the full answer
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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