Ducati bike costs Rupees 10 Lakh in India. Its price in USA is $ 21,000, in Europe it is € 16,000 and in Britain it is £ 12,500. What is the spot rate of $, € and £ in Rupee terms as per the law of one price?
What might be spot rate GBP USD?
(Ans.: USD INR 47.6191, EUR INR 62.50 and GBP INR 80.00, GBP USD 1.68)
6 Comments