foreign exchange gain

depends on several factors.  You may refer to this link to see what fits your case

 

https://puneicai.org/wp-content/uploads/Chart-Loan-taken-in-Foreign-Currency.pdf

Standard - 11
(AS-11)2
, the outstanding foreign currency loan
is required to be translated into Indian Rupees
by applying the foreign exchange rate as on the
closing day of reporting period and the net
exchange difference resulting on such
translation is required to be recognised as
income or expense for the respective financial period.

Thank youu