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Suppose the Spot exchange between India and the US is Rupee 75/$ (which means 1 $= $75 Rupee). The U.S. interest rates are 5%, Indian

Suppose the Spot exchange between India and the US is Rupee 75/$ (which means 1 $= $75 Rupee). The U.S. interest rates are 5%, Indian interest rates are 10%. If the interest rate parity theorem holds, Calculate is the equilibrium $/Rupee forward rate?

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