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Premium on forward contract

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(Querist)
24 July 2012 Hi, I have a small q. that in forward contract If banker marking as Spot rate Rs.57/USD and FW Rate Rs.57.34/USD, as premium Rs.0.38 (0.04 as margin to Bank)
Q1. What amount should Recognize as Premium
Will Rs. 0.38 or Rs. 0.04?
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CA. Vikash Dwivedi

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CA. Vikash Dwivedi (Expert)
24 July 2012 premium should be .038 and .04 may be as bank comission /charges or allied cost.

not sure, lets wait for some more replies.

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