60.

1
spot rate 60.1
forward rate 59.5

currency 1 interst rate 3.10%

currency 2 interst rate 4.95%

calculated forward rate 59.0405907575036

position enter short

for short
year 1 borrow currency 1 -60.1
enter short position in currency 2 forward rate 1
lend currency 2
year 2 sell currency 2 at forward rate for currency 1 -61.9631 1.0495
payback loan of currency 1 62.44525
0.48215

INR interest 3 3.1

USD interest 4.95 5
spot rate 60 60.1
1 year fwd 59.5 59.75
for long -719424
borrow currency 2 43237382
enter long position in currency 1 at forward rate
lend currency 1
sell currency 1 at forward rate f 44577741 -755035
payback currency 2 loan 749205.7