State Bank of India has offered a spot rate quote on Indian rupees (Rs.) of Rs. 42.47/$. The Indian rupee is quoted at a 30-day forward discount of 7.65 percent against the dollar. What is the 30-day forward quote?
A) Rs.43.5622/$
B) Rs.41.5687/$
C) Rs.45.1226/$
D) Rs.42.7407/$
Correct Answer:
Verified
Q70: Long-term debt sold by a foreign firm
Q71: The Euromarkets are
A) vast, largely unregulated money
Q72: Which of the following statements about Eurobonds
Q73: Xecor Pharma just received revenues of A$2,372,300
Q74: The spot rate on the London market
Q76: Tamcon Industries has purchased equipment from a
Q77: Long-term debt instruments sold by firms to
Q78: The Eurocurrency market is the
A) medium-term portion
Q79: Dresdner Bank has offered the following exchange
Q80: Palermo, Corp. sold equipment to a French
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents