Question
Q1. DBS Bank wants to buy 30 Million USD against INR JP Morgan quotes USD/INR as 85.65/85.75 DBS Bank is Bearish on USD/INR 1 month
Q1. DBS Bank wants to buy 30 Million USD against INR JP Morgan quotes USD/INR as 85.65/85.75 DBS Bank is Bearish on USD/INR 1 month from today, USD/INR goes down. DBS Bank decided to sell the USD bought. 1 month from today, JP Morgan quotes USD/INR as 85.55/85.60 Determine P/L. Q2. HDFC would like to buy 19 Million CAD today against INR. Citi Bank quotes CAD/INR as 62.500/62.505. HDFC is bullish on CAD/INR. 1 month from today, CAD/INR goes up. HDFC would like to sell the CAD bought. 1 month from today, Citi Bank quotes CAD/INR as 62.800/62.805. Determine P/L.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started