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Spot USD/INR = 83.00; 6-month INR rate 7% pa; 6-month USD rate 4% pa. IRP-consistent forward (simple) ≈:
ARs 82.25
BRs 83.00
CRs 84.25
DRs 86.49
Answer & Solution
Correct answer: C. Rs 84.25
1. Identify what the question asks: this concept maps to irpforward (§8.1).
2. Apply the framework or formula relevant to the topic.
3. Eliminate distractors and arrive at the correct option (C).
_Source: ICAI BoS CA Final Paper 2, Ch 10 "Foreign Exchange Exposure and Risk Management"_
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