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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.
a.
the INR is trading at 11.79% premium to the EUR
b.
the EUR is trading at 11.79% discount to the INR
c.
the EUR is trading at 11.79% premium to the INR
d.
the INR is trading at 11.79% discount to the EUR
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