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You are given the following spot quotes on the same pair of currencies in two different markets from two different brokers: Quotes for the British
You are given the following spot quotes on the same pair of currencies in two different markets from two different brokers:
Quotes for the British Pound against the Indian Rupee:
Quotes for the Indian Rupee against the British Pound:
Which market would you use if you want to BUY British Pounds?
Which market would you use if you want to SELL British Pounds?
The first pair of quotes could be made in which country?
The second pair of quotes could be made in which country?
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