The spot rate for the Indian INR is 48.50/$1. The current interest rate in India for a 3-month CD is 10%. In the U.S., the rate is 4%. What is the implied 3-month forward rate? If you are quoted a 3-month forward rate of 48.75/$1, what should you do?
A good site for a currency converter on over 164 currencies is at Oanda.
No comments:
Post a Comment