2. You established a short position in a 6-month non-deliverable forward NDF contract in Indian rupees (INR). The 6-month INR forward rate is $0.014. The spot rate 6 months later is $0.017 per INR. The size of the position is 500,000 INRs. a) Calculate the profit or loss from this NDF position. b b) Will you make a payment to or receive a payment from the counterparty? Explain