Q797
An Indian company is importing machine at a price of 5,00,000, payable after six month. The current exchange rate is Rs. 63 US . The forward contract for six months is available @ Rs. 64 per US . If the rate turns out to be Rs. 64.25 per US , the net gain to the importer in case he has entered into contract will be
A.
$ 1,25,000
AnswerB.
$ 2,50,000
C.
$ 5,00,000
D.
$ 6,25,000
Answer: Option A
Solution
Answer: Option A
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