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What is the Russian ruble to rupee cross rate

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Reference no: EM133060503

Question - Moscow to Mumbai - After spending a week in Moscow you get an email from your friend in India. He can get you a really good deal on a plane ticket and wants you to meet him in Mumbai next week to continue your global studies. You have 90,000 rubles left in your money pouch. In preparation for the trip you want to exchange your Russian rubles (or RBL) for Indian rupee (or INR) at the Moscow airport:

Spot rate (RBL = 1.00 USD) 64.64

Spot rate (INR = 1.00 USD) 66.75

Required -

a. What is the Russian ruble to rupee cross rate?

b. How many Indian rupee will you obtain for your rubles?

Reference no: EM133060503

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