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(a) The quotations available in the market are as follows: USD/INR = 69.1750/60 GBP/USD = 1.3290/96 EUR/USD = 1.1320/26 EUR/INR = 78.4550/60 GBP/INR = 91.4230/40

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(a) The quotations available in the market are as follows: USD/INR = 69.1750/60 GBP/USD = 1.3290/96 EUR/USD = 1.1320/26 EUR/INR = 78.4550/60 GBP/INR = 91.4230/40 Calculate all possible (at least two) arbitrage opportunities. (5+5=10)

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