Fm doubt

Deepika (X) (89 Points)

27 July 2012  
Hi! I need some help in foreign exchange risk management. The sum is as follows: X ltd, an Indian company has bought goods worth Yen 100 lacs & has to make payment in exporter's home currency. The following rates are available: INR = $ 0.025 - $0.02 GBP= $1.40 - $ 1.48 YEN = GBP0.0069 - GBP0.0049 You are required to calculate the INR cost of the deal today. I am getting the answer as Rs 48,30,000 however the answer given is Rs 51,06,000 which I feel is wrong. Please confirm which of the answers is right. Also if i'm wrong then plz explain why.