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Calculate the amount to be debited in the customer account

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Problem 1: On 1st June 2015 the bank enters into a forward contract for 2 months for selling US$ 1,00,000 at 65.5000. On 1st July 2015 the spot rate was 65.7500/65.2500. Calculate the amount to be debited in the customer's account.

Reference no: EM132768788

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