State Bank of India has offered a spot rate quote on Indian rupees (Rs.) of Rs. 42.47/$.

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State Bank of India has offered a spot rate quote on Indian rupees (Rs.) of Rs. 42.47/$. The Indian rupee is quoted at a 30-day forward discount of 7.65 percent against the dollar. What is the 30-day forward quote?

Question 81

Zylex Corporation's German unit is looking to borrow 4.5 million from Deutsche Bank. Deutsche Bank quotes a rate of three-month LIBOR plus 0.5 percent for the 90-day loan. Currently, the three-month LIBOR is 4.175 percent. If the exchange rate on the payoff date is 0.8334/$, what is the dollar cost of the loan?

Posted Date: May 13, 2024 03:48 AM

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State Bank of India has offered a spot rate quote on Indian rupees (Rs.) of Rs. 42.47/$.

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To calculate the 30day forward quote for the Indian rupee based on the spot rate and the forward dis... View the full answer

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