its a simple algebra solution... x= th eqn
x/2... i have written
so subtracting second equation from first u get x-x/2 on the LHS and the other side as per the diff of the equations.
thnx for the doc.
i haven't traded in ndfs as such... am into the domestic market only. but there are players which have presence in both and lock arbitrage.
normally these are 10/20 paise arbitrage only (max 0.5%)...
but when there is serious liquidity problems in the system (usd...
For someone who can borrow USD overseas and invest in India:
USD o/n rates traded at a high of 56% today!!!
This is due to USD shortage in the domestic market here.
the equation is sum(2k/2^k) where k is 1 to inf.
let the equation be x which is 2/2+4/2^2+6/2^3...
or 1+2/2+3/2^2+4/2^3...
now x/2= 1/2+2/2^2+3/2^3+...
x-x/2= 1+1/2+1/2^2+1/2^3+...
the RHS is a geometric series whose sum is 2
hence x/2=2
and x=4, which is the answer.