Dear Friends,
We borrowed ECB loan USD 10 Million from our parent company in the FY year 18-19. That time INR value was Rs 68 per USD. Now, we need to revaluation the same loan amount with 31st Mar, INR value Rs 75.3859 Per USD? and book the differences value under FX Gain/ Lossess?.
There is total loss of Rs. 73.859 million Fx loss due to fall in home currency value or we can say that , rise in foreign currency from 68$ to 75.3859 $. which is shown below -
(75.3859-68)*10 million $ =Rs. 73.859 million
CAclubindia
