Question: An exporter got a 3 0 - day NDFC on the INR / CAD at the rate 0 . 0 1 7 5 9 .

An exporter got a 30-day NDFC on the INR/CAD at the rate 0.01759. On day 30, the exporter sold 30 million INR at the spot rate INR/CAD 0.01745. Figure out the amount which will be settled between the bank and the exporter.
A. The exporter will receive from the bank CAD 4,200 to compensate for the loss on the spot market.
B. The bank will receive from the exporter CAD 4,200 to settle the loss on the spot market.
C. The exporter will remit to the bank CAD 4,200 to offset the loss on the NDFC.
D. The bank and the exporter will share equally the loss of CAD 4,200.

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