n NISM Certifications
NSM General NISM
Medium

Given EURUSD = 1.07/1.0725 and USDINR = 81.64/81.65, what is the EURINR bid rate?

Practice question from NISM Series I - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    87.05

  2. B

    87.18

  3. 87.35

    Correct answer

  4. D

    87.88

Why this is the answer

EURINR bid = EURUSD bid × USDINR bid = 1.07 × 81.64 ≈ 87.35.

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