Question
On March 03, a saving bank customer in India, requests for issue a USD 10,000. The inter-bank currency rates are as under: Spot rate: 1 USD = Rs.85.00 /0.50 Sep forward margin = 0.35 / 0.40 Bank requires an exchange margin of 0.15%. What rate will be quoted and how much amount will be debited to customer's account.
More Financial Management Questions
- What is the primary advantage of a rights issue compared to a Follow-on Public Offer (FPO) for existing shareholders?
- The key areas to be monitored under the Revised Prompt Correction Action framework of RBI does not include _____
- Which type of Bank Guarantee involves an assessment of the client's technical competency, managerial capability, or vocational experience to ensure they ex...
- When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
- For an Upper Layer NBFC-IFC (Infrastructure Finance Company), what is the baseline limit prescribed for exposure on a group of connected counterparties und...
- When a commercial bank creates credit, its immediate effect is that it raises
- A bank is reviewing two independent credit proposals where unlimited capital is available: • Proposal X: Requires ₹500 Crore outlay ---Yields NPV of ₹50 C...
- Which of the following would lead to increase in private disposable income, provided other things remain constant?
- Why do financial analysts often prefer ROCE over ROA when evaluating the capital efficiency of capital-intensive firms with significant debt loads?
- What does a zero-tolerance policy for discrimination emphasize?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)