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Q5. IDFC Bank would like to buy 25 million AED today against INR. Pepperstone quotes AED/INR as 22.510/22.515 Tomorrow AED/INR goes down. If IDFC Bank

Q5. IDFC Bank would like to buy 25 million AED today against INR. Pepperstone quotes AED/INR as 22.510/22.515

Tomorrow AED/INR goes down. If IDFC Bank sells AED bought, determine P/L.

Pepperstone quotes AED/INR as 23.500/23.510 tomorrow

Determine P/L.

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