Answer-What does the two way rates quoted as 1$=82.10/11 ₹, mean?

Two way rates have separate rates for buying selling. The rates are from Banks perspective While Buying rate is 82.10 in this case While Selling rate is 82.11 in this case Difference between exchange rates is commission of the Authorized Person.

Question

What does the two way rates quoted as 1$=82.10/11 ₹, mean?

A 1$ is being sold at 82.10 ₹.

B 1$ is being sold at 82.11 ₹.

C 1$ is being sold at 82.21 ₹.

D 1$ is being sold at 82.01 ₹.

E 1$ is being sold at 81.99 ₹.

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What does the two way rates quoted as 1$=82.10/11 ₹, mean?

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