Plz plz help urgent

This query is : Resolved

Guest

Guest (Querist)

08 September 2014 HOW CAN I KNOW WHETHER BID RATE OR ASK RATE WILL APPLY FOR A PARTICULAR TRANSACTION..EXAMPLE...IF MR. SACHIN HAS RUPEE WITH HIM AND HE WANTS TO PURCHASE DOLLAR FROM BANK ...THEN BANK BUYING RATE OR ASK RATE WILL APPLY ...PLZ TELL...AND PLZ TELL THE CRUX OF THE ANSWER...THAT HOW TO IDENTIFY WHICH RATE WILL APPLY...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 September 2014 you will need bank selling rate...as bank would be selling the dollar...

looking from bank's perspective...higher rate will be selling rate and lower purchase rate.

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