Sir, in Q.36 ofΒ C.W. of Forex, why has the option contract rate of March (i.e., Spot/March ask = 73.4275) been used to calculate the Swap Loss?
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Here’s the YouTube link where Sir discusses these questions.
Thanks. However, the question drafted by ICAI itself has to be wrong because the Swap is being made on April and the nearest option contract rate of April should be used and not March.