Question
What will be the exchange gain/loss on USD Forward Sale
contract booked at 85.12, and cancelled on maturity at 84.30 INR/USD?Solution
A currency forward is a binding contract in the foreign exchange market that locks in the exchange rate for the purchase or sale of a currency on a future date. Book rate = 85.12/USD on maturity got 84.30/USD Loss = 85.12-84.3 = 0.82 INR/USD.
What is the full form of TReDS?
Which of the following is a key determinant of operating leverage?
When the shares are issued for consideration other than cash which account will be debited
The approximate percentage change in a bond’s price for a 1% change in yield to maturity is given by:
What is the difference between bullion and numismatic coins?
Â
For an enterprise with investment in plant and machinery or equipment of Rs.9 crore and turnover of Rs.40 crore will be classified as _______ , as per M...
Payoff to a short position in a forward contract where the forward price is Rs.30 and spot price at maturity is Rs.55 will be _____
The Reserve Bank of India (RBI) doubled the limit for collateral-free loans to micro and small enterprises (MSEs) from 5 lakhs to 10 lakhs following whi...
What is project financing?
An examination of the sources and uses of funds statement is part of:
Relevant for Exams:
