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Consider the following spot and cross exchange rates quoted by HSBC and WELLs FARGO involving the Indian Rupee (INR), British pound sterling (GBP), and United

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Consider the following spot and cross exchange rates quoted by HSBC and WELLs FARGO involving the Indian Rupee (INR), British pound sterling (GBP), and United States dollar (USD): Assume at the start that you have INR 10,000, GBP 10,000, and USD 10,000, respectively. You can also assume that all interest rates are zero and there are no trading restrictions. Can you identify any positive arbitrage opportunities from this set of quotes? Consider all possible positive arbitrage opportunities. Explain and show your working clearly and completely. If there are no positive arbitrage opportunities, explain and show clearly why. Consider the following spot and cross exchange rates quoted by HSBC and WELLs FARGO involving the Indian Rupee (INR), British pound sterling (GBP), and United States dollar (USD): Assume at the start that you have INR 10,000, GBP 10,000, and USD 10,000, respectively. You can also assume that all interest rates are zero and there are no trading restrictions. Can you identify any positive arbitrage opportunities from this set of quotes? Consider all possible positive arbitrage opportunities. Explain and show your working clearly and completely. If there are no positive arbitrage opportunities, explain and show clearly why

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