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India Medtronic imports certain medical instruments from France and sells them to some of the leading hospitals of India. Import bills are in EUR. Local
India Medtronic imports certain medical instruments from France and sells them to some of the leading hospitals of India. Import bills are in EUR. Local sales invoice is done in INR. One equipment with a value of EUR 3 mn is sold to Apollo Hospital. EUR/INR is quoted by the bank as 89.80/89.82. (89.80/82). Which of these rates will be picked up by India Medtronic to invoice Apollo Hospital?
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