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Interbank USD/INR quote: 71.6000/71.6250 1. Calculate equivalent rupees an exporter will receive from say HDFC towards realization of an export bill of USD 75000. HDFC

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Interbank USD/INR quote: 71.6000/71.6250 1. Calculate equivalent rupees an exporter will receive from say HDFC towards realization of an export bill of USD 75000. HDFC Bank keeps profit margin of 3 paisa per USD. (Hint: HDFC will sell USD in interbank market, market is bidding dollars) 2. Calculate equivalent rupees an import will pay to say HDFC towards payment of an import bill of USD 150000. HDFC Bank keeps profit margin of 3 paisa per USD. (Hint: HDFC will buy USD in interbank market, market is offering dollars)

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