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Q2. HDFC would like to buy 19 Million CAD today against INR. Citi Bank quotes...

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Accounting

Q2. HDFC would like to buy 19 Million CAD today against INR.

Citi Bank quotes CAD/INR as 62.500/62.505.

HDFC is bullish on CAD/INR.

1 month from today, CAD/INR goes up. HDFC would like to sell the CAD bought.

1 month from today, Citi Bank quotes CAD/INR as 62.800/62.805.

Determine P/L.

Please submit the assignment in an Excel sheet.

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