n NISM Certifications
NSM General NISM
Medium

If interest rates are 1% in the US, 2% in the UK, and 7% in India, and the current GBPINR spot rate is ₹91.60, what would be the 1-year forward rate of GBPINR?

Practice question from NISM Series I - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Higher than 91.60

    Correct answer

  2. B

    Lower than 91.60

  3. C

    Equal to 91.60

  4. D

    Cannot be determined with the given data

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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