r T 38. Real Interest Rates, Expected Inflation, IRP, and the Spot Rate The United States and the country of Rueland have the same real interest rate of 3 percent. The The expected inflation over the next year is 6 percent in the United States versus 21 percent in Rueland. Interest rate parity exists. The one-year currency futures contract on Rueland's currency (called the ru) is priced at $.40 per ru. What is the spot rate of the ru? r e