CAIIB BFM EXCHANGE RATE AND FOREX UNSOLVED PROBLEMS 1 BY VISHALMANTRI 9960560404

a. TT buying rate for inward payment of USD 250,000.00 , if the interbank rate is 49.00/02 and margin to be charged is 0.08% Bank will buy. Apply buy rate 49.00. For buy substract margin. So 49.00 x 0.08%= 0.0392. So, rate = 49.00 – 0.0392 = 48.9608. Amount to be credited to the customer = 48.9608 x 250000 = Rs. 12,240,200.00

Comments

1. VERY GOOD VIDEO SIR.PLEASE KEEP MORE VIDEOS ON BFM CASE STUDIES SIR.