n NISM Certifications
XIII NISM Series XIII
Medium

If the interest rate in the UK is 2.5% and in India is 9%, and the current GBPINR spot rate is 78, what will the one-year future rate of GBPINR likely be?

Practice question from NISM Series XIII for SIF - Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Higher than 78

    Correct answer

  2. B

    Lower than 78

  3. C

    78

  4. D

    None of the above

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

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