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Posted on Oct 19, 2024

Suppose a Tata Nano car is priced at Rs . 1 0 0 , 0 0 0 in New Delhi and $ 3 , 1

Suppose a Tata Nano car is priced at Rs

. 100, 000

in New Delhi and $

3, 129

in New York. In which place is the car more expenstve if the spot rate is $

\frac{0.0242}{?}

?

In New Delhi

In New York

It is same in both places.

It cannot be determined.

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