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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.
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