以上是上次讲解，以下是书后答案讲解
Subscriber 3’s carry trade strategy is equivalent to trading the forward rate bias, based on the historical evidence that the forward rate is not the center of the distribution for the spot rate. Applying this bias involves buying currencies selling at a forward discount and selling currencies trading at a forward premium. So a higher forward premium on the lower yielding currency—the USD, the base currency in the INR/USD quote—would effectively reflect a more profitable trading opportunity. That is, a higher premium for buying or selling the USD forward is associated with a lower US interest rate compared to India. This would mean a wider interest rate differential in favor of Indian instruments, and hence potentially more carry trade profits.
(Institute 469)
Institute, CFA. 2019 CFA Program Curriculum Level III Volume 3. CFA Institute, 5/2018. VitalBook file.
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我还是不明白，carry trade 担心高利率国家货币远期discount，所以应该是INR/USD远期discount更适合carry trade吧，即inr远期升值，书后答案和6.1.2表格似乎再说美元远期汇率越高说明两国利息差的越多，但是这样虽然利息收益更高，再以inr换回美元会有较大的汇率损失，不一定能更适合carry trade啊？
