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CAIIB Paper 2: Bank Financial ManagementModule A: International BankingUnit 01: Foreign Exchange Arithmetic
30s
Q1. In the interbank market, Spot USD/INR is quoted at 83.40 / 83.45 and Spot EUR/USD is quoted at 1.0800 / 1.0810. If an Indian exporter tenders a sight export bill of EUR 1,00,000 for immediate realization, what is the interbank EUR/INR buying rate before deducting bank exchange margin?
Question 1 of 39

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