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Assume you are in India and borrowed 750,000 Rs. from one of your friends who lines in Australia. Suppose the spot exchange rate at

Assume you are in India and borrowed 750,000 Rs. from one of your friends who lines in Australia. Suppose the spot exchange rate at the time borrowing was Rs52/$ and you promised to repay the loan after six months with a forward currency rate of Rs56/$ without any interest. Question: b) What is the amount of money in rupees (Rs) that you need to pay to an authorised currency exchanger in India after six months with Rs 250 administration fee to settle his loan?

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