kaitlingbranson5532 kaitlingbranson5532

20-05-2023
Medicine

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Suppose the current exchange rate between the Indian rupee (INR) and US dollar is 50 INR = 1USD. Suppose the annual nominal interest rate on Indian securities is 5% and the nominal interest rate on US securities of similar risk and maturity is 3.5%. Then according to interest rate parity, the USD:

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