Q50065 On April 3, 2016, a Bank quotes the following:

On April 3, 2016, a Bank quotes the following:

21 7 Capture 100

In a spot transaction, delivery is made after two days.

Assume spot date as April 5, 2016.

Assume 1 swap point = 0.0001,

You are required to:

  1. Ascertain swap points for 2 months and 15 days. (For June 20, 2016),
  2. Determine foreign exchange rate for June 20, 2016, and
  3. Compute the annual rate of premium/discount of US$ on INR, on an average rate.

Solution

21 7 Capture 101
21 7 Capture 102
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