United Pharma Ltd. (UPL) has acquired an export order to export Rs.10 million of formulations to a European company. UPL is also planned to import bulk drugs worth Rs.5 million from a company in UK. The proceeds of the exports will be realized 3 months from now and the payment for imports will be due after 6 months from now. The invoicing for these exports and imports can be done in currencies dollar, euro or sterling at company's choice. The following market quotes are available: Spot Rs/$ 47.10 / 47.20 Rs/Euro 43.15 / 43.20 Rs/ 68.65 / 68.75 $ Annualized Premium 6% 5% Euro 4% You are required to advice the company about the invoicing currency