Question

What will be the exchange gain/loss on USD Forward Sale contract booked at 85.12, and cancelled on maturity at 84.30 INR/USD?

A Exchange gain of 0.82 INR/USD
B Exchange loss of 0.82 INR/USD
C Exchange gain of 0.82 paise/USD
D exchange loss of 0.82 paise/USD
E None of the above
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