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Today is 1 st January 2 0 1 9 . An Indian company expects to get 1 0 0 million USD at the end of

Today is 1st January 2019. An Indian company expects to get 100 million USD at the end of march 2019(Contract size =1 million USD). Future price (April expiry) on 1st January 2019=68.00. Company enters into April Futures. In march, when the USD is received the spot and futures price are 72.00 and 71.50 respectively. Calculated effective price of USD to Indian company.

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