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Exchange rate loss of loan

This query is : Resolved 
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(Querist)
23 December 2013 hai I want to know who will bear the exchange rate loss in case of unsecured loan from nri
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Ganeshbabu K

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Ganeshbabu K (Expert)
23 December 2013 definetely one who take loan ,,
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if you take loan in dollars you have to repay in dollars only whatever gain or loss comes should reflect in your profit and loss statement

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