FX - Numerical: TT Buying Rate

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FX - Numerical

TT Buying Rate Dollar/Rupee spot buying rate Less : Exchange margin

= TT Buying rate*
*Rounded off to nearest multiple of 0.0025

FX - Numerical
Bill Buying Rate Dollar/Rupee spot buying rate Add : forward premium (For transit and usance, rounded off to lower month)

OR Less forward discount (For transit and usance, rounded off to higher month) = Bill buying rate* *Rounded off to nearest multiple of 0.0025

FX - Numerical
TT and Bills Selling Dollar /Rupee market spot selling rate Add : Exchange margin for TT selling rate

TT selling rate*
Add: Exchange margin for Bills selling rate

= Bills selling rate* *Rounded off to nearest multiple of 0.0025

FX - Numerical
On 25th July, Pune exports presents to the bank at sight documents for $100,000, under an letter of credit. Interbank rates: Spot USD I = Rs 49.6525/6650 Spot/August 6000/5700 Spot /September 50.5025/4850 Spot/October 51.2525/3900 Transit period is 25 days. Exchange margin 0.15% Compute the exchange rate and rupee equivalent.

FX - Numerical
Ms Leena requests the bank to issue a demand draft on New York for USD 25,000. Interbank rates are: Spot USD 1 = Rs. 44.3575/3825 1 Month forward Rs . 44.7825/8250 Bank needs exchange margin of 0.15% Find out exchange rates & rupee equivalent

FX - Numerical
On 12th February an importer receives a bill for USD 10,000.The instructs his bank to retire the bill to the debit of his account. Interbank rates are as under: Spot USD 1 = 44.7050/7200 Spot /August 5000/4500 The bank retains margins of 0.15% for TT sales and 0.20% for bill selling rate. What amount will be debited to the importers account?

FX - Numerical
India Agro exports approach Global Bank for the following on 13th June

The inter-bank rates are quoted as follows:


I$ 1m 2m 3m 4m = fwd fwd fwd fwd Rs 45.200/2725 05/10 15/10 20/15 25/20 46.5025/5575 46. 8025/ 9550

currency Travellers cheques

TT margin 3ps/5ps Bill margin 5ps/15ps Interest on export bills discount : 9% p.a Transit period 25 days Commission on export bills Rs 10,000, on import bills Rs 15000 EEFC 25%

Compute the exchange rate and rupee equivalent for the following transactions. discount of export bill for $ 300,000 D/A period 90 days Export bill is paid on 13th Jun for $ 200,000 Forward booking for import bill for $150,000 due on 15th August Issue of currency for $5000 and TC (travellers cheque) for $ 10,000 Issue of demand draft for $10,000 drawn on New york

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