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Ca final sfm
anyone solved practice manual of CA final Sfm? I have some doubts.. need help
Replies (9)
You ask our query, so that students who have worked on it or who knows the answer will be able to clarify your doubt.
please post your query kanika
Exchange rate given African Rand 6 to rs1.
Inflation African 40% a year and India 10% a year. How they find exchange rate( as per IRP )?
Ans. 1st year 7.6364
2nd year 9.7190
3rd year 12.2696
It is solved as follows:
Year 1 6*1.4/1.1=7.6364
Year 2 7.6364*1.4/1.1=9.7190
Year 3 9.7190*1.4/1.1=12.3696
sheetal is right...kanika
Thank you:-) :-) :-)
hmmm
as per Inflation rate parity formula
Exchange rate * inflation rate of foreign country / inflation rate of domestic country becoz exchange rate is foreign currency per domestic currency
hmmm i have solved Practice manual of CA final but never found any question of this type.
this question is in nov'15 RTP Q.1
following is the link
https://resource.cdn.icai.org/38904bos28386cp2.pdf
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