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How much australian dollar the exporter will receive

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Question - An Australian dairy products exporter has supplied powder milk to India and will receive 2 million Indian rupees (INR) in one year. The exporter expects that the value of the INR will appreciate by 24.38% against the Australian dollar from today's spot rate of 0.2538 in one year. How much Australian dollar the exporter will receive that equivalent to 2 million INR after one year?

Reference no: EM133119587

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