Spot rate: Tantrix, Inc., purchased its inventory from an Indian manufacturer at a cost of Rs.5,325,000. The dollar cost of this payable is $125,634.07 at today's spot rate. What is the spot rate today?
A) $4.2385/Rs.
B) $42.3850/Rs.
C) Rs.42.3850/$
D) Rs. 4.2385/$
Correct Answer:
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