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.
Find the unit digit in (257)45 × (248)73.
A Student was asked to add 8 and subtract 5 from a number. By mistake, he added 5 and subtracted 8. If his answer is 11, what should be the correct answer?
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Which term of the arithmetic progression 88, 90, 92, 94... is 142?
15Â Â Â Â Â Â Â Â Â Â 15Â Â Â Â Â Â Â Â Â Â 60Â Â Â Â Â Â Â Â Â Â 540Â Â Â Â Â Â Â Â 8650
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