Given: Spot EUR INR 67.80/68.00. Interest rates in India are 9% and 9.20%. Interest rates in Europe are 5.00% and 5.20%. Calculate 3 months forward rate and swap points.
(Ans.: 68.4358/68.7052 and 6358/7052)
Given: Spot EUR INR 67.80/68.00. Interest rates in India are 9% and 9.20%. Interest rates in Europe are 5.00% and 5.20%. Calculate 3 months forward rate and swap points.
(Ans.: 68.4358/68.7052 and 6358/7052)
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