You need purchase 2 crore Indian rupees. That's another way of saying you want INR 20,000,000. You call up a dealer and get a market INR/USD 61.94 - INR/USD 62.09. How many dollars will you have to pay to get the INR 20,000,000? Be sure to indicate your answer is in U.S. dollars.

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You need to sell British pounds (GBP) 60,000 for US$ (USD). You call up a dealer and get a market USD/GBP 1.49 1.50. How many dollars will you get for your pounds?