HDFC would like to buy 19 Million CAD today against INR. Citi Bank quotes CAD/INR as 62.500/62.505.

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HDFC would like to buy 19 Million CAD today against INR. Citi Bank quotes CAD/INR as 62.500/62.505. HDFC is bullish on CAD/INR.

1 month from today, CAD/INR goes up. HDFC would like to sell the CAD bought.

1 month from today, Citi Bank quotes CAD/INR as 62.800/62.805.

Determine P/L.

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Oct 25, 2023 02:14 AM

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HDFC would like to buy 19 Million CAD today against INR. Citi Bank quotes CAD/INR as 62.500/62.505.

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To determine the PL profit and loss for HDFC we need to calculate the differen... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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