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The 120-day INR interest rate is 5.80% p.a., and the 120-day EUR interest rate is 1.80% p.a. According to CIP, ____________ for delivery in 120

The 120-day INR interest rate is 5.80% p.a., and the 120-day EUR interest rate is 1.80% p.a. According to CIP, ____________ for delivery in 120 days.

I know that the INR is trading at 11.79% premium to the EUR and the EUR is trading at 11.79% discount to the INR

but How do I work out the premium and discount rates?????

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