Diamond Jewellers Limited (DJL) has its foreign business operation in USA. The foreign business division disclosed jewellery costing US $ 10,000 as closing stock. The exchange rate on the date of purchase of these items was ₹ 46 per US $ on balance sheet date recoverable value of closing stock is US $ 9,900 and exchange rate is ₹ 45.50 per US $. Show how DJL should recognize it in the reporting currency.