n NISM Certifications
XIII NISM Series XIII
Medium

If the interest rate is 2% in the US and 10% in India, and the current USDINR spot rate is ₹64, what would be the approximate six-month futures rate based on interest rate parity?

Practice question from NISM Series XIII for SIF - Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    ₹65.74

  2. ₹66.51

    Correct answer

  3. C

    ₹67.02

  4. D

    ₹67.89

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

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