Forex Spot and Forward Illustration 8
Following quotes are available in Mumbai:
(1) USD INR 39 (Spot) and USD INR 38 (6 month)
(2) EUR INR 57 (Spot) and EUR INR 59 (6 month)
Calculate annualized % Forward premium or discount on $ and Euro.
(Ans.: For $ 5.13% & For Euro 7.02%)
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