Forex and Interest Rate Illustration 4
Spot rate is /$ 39. Interest Rate in India is 8% per annum. Interest rate in US is 5% per annum. Calculate possible 6-months forward rate as per international Fischer Effect.
(Ans.: F = 39.5707 /$)
Forex and Interest Rate Illustration 4
Spot rate is /$ 39. Interest Rate in India is 8% per annum. Interest rate in US is 5% per annum. Calculate possible 6-months forward rate as per international Fischer Effect.
(Ans.: F = 39.5707 /$)
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