Mathematics · Foreign Exchange Arithmetic
An exporter receives an order worth USD 2.5 million, with payment expected in 90 days. The interbank spot rate for USD/INR is 83.45 / 83.47. The 3-month forward premium is 32 / 34 points. The bank charges a 0.10% exchange margin for forward buying. Calculate the net INR amount the exporter will receive upon booking the forward sale contract today.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1209,250,000
- 2208,687,500
- 3209,215,575✓
- 4208,825,000
Correct answer
209,215,575
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