Revaluation of PCFC Loan

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(Querist)


21 November 2008

Confirm whether PCFC Loan taken in foreign currency will be revalued at TT Selling rate or Average rate


Deepak Agrawal (Expert)


21 November 2008

Loan taken means its ur liability.
U have to repay in foreign currency. So U will have to purchase foreign currency for payment of loan

so value at TT Seeling rate
Selling rate in pt of view of dealer.
SO if U will buy, he will sell.
So TT Selling Rate



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