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Dear sir,
If the FRA is mentioned as 5.2-5.3.
why do we choose 5.3? why is the 5.2 given?Thankyou
It would help if you wrote the whole question!!!
There are two rates quoted – interest received on deposits and interest paid on borrowings.
If you are borrowing money, then it is obviously the higher rate (5.3%) that would be relevant. If you are depositing money then it would be the lower rate (5.2%).
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