From the following data, calculate the forward exchange rates for an Importer customer who intends...
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From the following data, calculate the forward exchange rates for an Importer customer who intends to cover the exchange fluctuation risk & book forward contract for the proposed payable (due 30th June 2022) ) : Spot USD / INR 77.0600/77.0700., Cash/Spot 5/8., Swap differential for June 46/48 (paise) Margin 5 paise. Adhere to the steps involved in calculation.
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