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Following information are available in international market: Spot rate: $1 =Rs 74.50 - 74.70 One year forward rate: $1 = Rs 78.20 - 78.60 One

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Following information are available in international market: Spot rate: $1 =Rs 74.50 - 74.70 One year forward rate: $1 = Rs 78.20 - 78.60 One year INR interest rate 7.50%-8.50% One year USD interest rate 0.25% - 0.50% Is there any arbitrage opportunity? Xompute the profit in 1 million 15:34

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