n NISM Certifications
NSM General NISM
Medium

If USDINR futures trade at 71.0025/71.0050 and INR appreciates by two ticks, what will be the new trading price assuming the bid-ask spread remains unchanged?

Practice question from NISM Series I - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. 70.9975/71.0000

    Correct answer

  2. B

    71.0000/71.0050

  3. C

    71.0050/71.0075

  4. D

    71.0050/71.0100

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

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