Assuming a margin of 2 paise and the Inter-Bank Spot rates of GBP/USD 1.3150/3160., Spot...
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Assuming a margin of 2 paise and the Inter-Bank Spot rates of GBP/USD 1.3150/3160., Spot USD/INR 77.0200/0300., Cash/Spot USD/INR at level, what would be the best rate (value today) to a Corporate who propose to cover a GBP Export transaction due today. Arrive at the rate up to the last 4 decimals as per the guidelines. Adhere to the steps involved in calculation
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