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Q7. On 1 I Jan 2022, Mr. Ram an exporter enters into a forward contract with SBI bank to sell 100,000 USD on 31 March

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Q7. On 1 I Jan 2022, Mr. Ram an exporter enters into a forward contract with SBI bank to sell 100,000 USD on 31" March 2022@75.40. However, counterparty of Mr. Ram informed a delay of 1 Month on maturity date. Hence, Mr. Ram requested bank 1 month extension on maturity date. Inter Bank rate on 31s March 2022 was as follow: Spot: 75.2275.27 One-month premium 15/20 i.e., 75.3775.47 Additional Information Interest rate @ 12\%. Bank charge 10p on each trade Calculate net cash Inflow/Outflow of Mr. Ram

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