Options
-
85.49
Correct answer
- B
80.73
- C
83.31
- D
84.97
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NSM General NISM
Medium
#NISM Series VA
If the 1-year interest rate is 4% in the US and 7% in India, and the spot USDINR rate is ₹83.10, what is the approximate 1-year futures rate?
Practice question from NISM Series I - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.