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Find how much australian dollar importer will make a loss

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Problem 1: An Australian importer has received goods from India and will pay 2 million Indian rupees (INR) in one year. The importer expects that the value of the INR will appreciate by 21.69% against the Australian dollar from today's spot rate of 0.2816 in one year. How much Australian dollar the importer will make a loss in percentage (%) due to appreciation of INR after one year?

Reference no: EM132676302

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