Instructions

The Table gives the data for the Currency exchange rates and Stock market Indexes. Anyperson in any country can invest in any market or currency. For investing in a country one has to use homecurrency of that country. One can either invest or withdraw on 1st of each month only.

Note: The closing price of currency and Index of a month is same as opening price of the first day of thenext month

Question 63

If a person from USA Invest $1500 in Indian stock market in 1st February then, on which of thefollowing date investment reaches a maximum value in Dollar terms?

Solution

Since on 1st October, the value of the rupee has gotten stronger than its value on 1st February so the investor will be able to draw more dollars for a given amount of rupee and also the Indian stock market has reached the second-highest value among the options given so the value investment is maximum on 1st October in dollars term.


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