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( b ) On 1 st Jan 2 0 2 2 , Mr . Ashok, an exporter enters into a forward contract with PNB bank
b On st Jan Mr Ashok, an exporter enters into a forward contract with PNB bank for USD on st March @
Inter Bank rate on th Feb was as follows:
Spot:
Onemonth premium
Twomonth premium
Inter Bank rate on st March was as follows:
Spot:
Onemonth premium
Additional Information
Interest rate @
The bank charge p on each trade
Mr Ashok received information about the cancellation of the original deal from the counterparty on th Feb Therefore, Mr Ashok requested PNB to cancel forward before the due date ieth Feb
Calculate the net cash InflowOutflow of Mr Ashok.
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