Forward rate: Triumph Autos has contracted with an Indian software firm for design software. The payment of

Question:

Forward rate: Triumph Autos has contracted with an Indian software firm for design software. The payment of 22,779,750 rupees

(Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is Rs71.13/$.

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Ashington Waweru

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