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What do you understand by the term "INTEREST RATE PARITY"?

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Question added by Deleted user
Date Posted: 2014/08/09
CA. Mohammad Jawed Ansari
by CA. Mohammad Jawed Ansari , Assistant Manager (Finance & Accounts) , West Bengal State Electricity Distribution Company Limited

Same as Purchasing Power parity of monetory currency of every country, there is a concept of Interest rate Parity Theory where it is considered that borrowing and lending rate in different countries remains the same as per the exchage rate two countries currencies share.

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