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(1) ABC Exports Ltd is engaged in exports and has received an export proceeds of 1 million CHF (Swiss Franc]. However say CHF is not

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(1) ABC Exports Ltd is engaged in exports and has received an export proceeds of 1 million CHF (Swiss Franc]. However say CHF is not directly linked to INR. Please calculate the value of export proceeds in INR when the exchange rates are hypothetically) as under:- CHF/USD = 0.1650/0.9820 INR/USD = 73.1560 /73.8710 (11) Mention the derivatives that are available for hedging the currency / exchange risks

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