17 September 2013
Margin of bank for forex tranj. Let 8% on buyng n 10% on sellng ... Customr wnt to sell $ to bank so 1st of all bank enter into cover tranj with marlet let 1$=60 n then cot rate for customr by deductng margin ..... So my Q is which margin rate shall be apply on 60.. Means bank ki margin rate kese lgti h.... Buyng kb lgti h n sellng kb?? Plz aap CONCEPT btana formula nhi....
19 September 2013
It depends on the rate prevailing on the date of purchases and date of sales. In the volatile market condition you cannot fix any margin rate
CAclubindia
