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Interest rates in Turkey are currently 14% p.a. and in India interest rates are currently offered at 4.4% p.a. Current exchange rates are USD/TRY 17.2154

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Interest rates in Turkey are currently 14% p.a. and in India interest rates are currently offered at 4.4% p.a. Current exchange rates are USD/TRY 17.2154 and USD/INR 77.7500 The USD is currently selling at forward premium of 50% p.a. against the Turkish Lira (TRY). The USD is currently selling at a forward premium of 0.4% p.a. against the Indian Rupee (INR). Generate a two-year forecast for the value of the Turkish Lira in terms of Indian Rupees using the International Fisher Effect. Show all workings. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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