ChipTech Berhad is a Malaysian firm.It has a subsidiary in India that produces computer chips and sells them to European countries.The chips are invoiced in MYR.The subsidiary pays wages, rent, and other operating costs in India's currency (Rupee).Every month, the subsidiary remits a large amount of earnings to the Malaysian parent.This is the only international business for ChipTech Berhad has,The subsidiary wants to borrow funds to expand its facilities and can borrow MYR at 9% annually or borrow Rupee at 9% annually.

Which currency should the parent tell the subsidiary to borrow, if the parent's main goal is to minimize exchange rate risk?Explain.

Thanks for helping