Fm doubt

the answer is correct .

you have to buy yen means you will buy at the ask rate.

your required  quote will be INR/YEN = 0.2744/0.5106

so buying cost of Yen will be 100 lacs*0.5106 =  Rs.51,06,000

sorry abhishek ...

answer of Dipika is wrong ...

we have to calculate ans as per market convention ...

so our ask rate will be

1/0.020 * 1.48* 0.0069

as market always sell at higher rate and buys at low rate.

U r absolutely spot on Deepika.   Bid rate of Bank is always lower and Offer /ask higher.

It wud be better if first the rates are recast in correct form as below:

INR = $ 0.020 - $0.025 

Þ $= INR 1/.025-     1/.020

GBP= $1.40 - $ 1.48

 YEN = GBP0.0049 - GBP0.0069

Since for import customer has to buy the  Yen it will be at the market offer rate:

 INR/Yen offer =  Multiply all the offer rates= 1/.020 × 1.48×.0069=.5106