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An exporter got a 3 0 - day NDFC on the INR / CAD at the rate 0 . 0 1 7 5 9 .
An exporter got a day NDFC on the INRCAD at the rate On day the exporter sold million INR at the spot rate INRCAD Figure out the amount which will be settled between the bank and the exporter.
A The exporter will receive from the bank CAD to compensate for the loss on the spot market.
B The bank will receive from the exporter CAD to settle the loss on the spot market.
C The exporter will remit to the bank CAD to offset the loss on the NDFC
D The bank and the exporter will share equally the loss of CAD
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