Green Agro Exports Ltd. entered a 3-month forward contract on January 1, 2026 to buy USD 2,00,000 (import payment due April 1, 2026). USD-INR Bank…
CA Final · Advanced Financial Management · PYQS · May 2026
Green Agro Exports Ltd. entered a 3-month forward contract on January 1, 2026 to buy USD 2,00,000 (import payment due April 1, 2026). USD-INR Bank Quotes: Date Spot Bid Spot Ask 1 M Fwd Bid 1 M Fwd Ask 2 M Fwd Bid 2 M Fwd Ask 3 M Fwd Bid 3 M Fwd Ask 01.01.2026 83.20 83.55 - - - - 83.60 84.00 01.02.2026 83.80 84.15 - - 83.95 84.35 - - 01.03.2026 83.40 83.75 83.70 84.05 84.10 84.45 - - 01.04.2026 83.20 84.50 84.30 84.65 - - - - From the information given above, choose the correct answer to the Questions No. 13 to 15:
Suggested Answer and Working Notes:
Correct Answer: Option (C)
Maturity - 1,68,00,000; Extra - 70,000
Topics: Foreign Exchange Exposure and Risk Management
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