Direct Market for INR$/$CS

Deutsche Bank's quote:

Barclays' quote:

CSFB$\text{'}$s quote:

Bids

INR$13\mathrm{.}25/$C$

INR$13\mathrm{.}22/$C$

INR$13\mathrm{.}30/$C$

asks

INR$13\mathrm{.}17/$C$

INR$13\mathrm{.}10/$C$

INR$13\mathrm{.}15/$C$

Markets for INR$/$$ and $\frac{\text{\$}}{C}$$

Deutsche Bank's quote:

A$.$ What is the best direct INR$/$C$ ask price? Compute the best indirect INR$/$C$ bid price.

$($These are the clockwise numbers$)$

Best direct INR$/$CS ask price:

Best indirect INR$/$C$ bid price:Direct Market for INR$/$CS

Deutsche Bank's quote:

Barclays' quote:

CSFB$\text{'}$s quote:

Markets for INR$/$$ and $\frac{\text{\$}}{C}$$

Deutsche Bank's quote:

Barclays' quote:

C$5$FB$\text{'}$s quote:

A$.$ What is the best direct INR$/$C$ ask price? Compute the best indirect INR$/$C bid price.

$($These are the clockwise numbers$)$

Best direct INR$/$CS ask price:

Best indirect INR$/$C$ bid price:

B$.$ What is the best direct INR$/$C$ bid? Compute the best indirect INR$/$CS ask price. $($These

are the counter$-$clockwise numbers$)$

Best direct INR$/$CS bid price:

Best indirect INR$/$C$ ask price:

C$.$ Determine if there is a triangular arbitrage opportunity. $($Look clockwise and counter$-$

clockwise$)$ If there is an arbitrage opportunity, do it$!$ How much risk$-$free arbitrage

profit is there if you start with $$1,000,000$ and make one trip around the triangle?