c. TT buying rates for GBP 50,000 /- inward payment, if USD/INR is 48.50/52 and GBP/USD is 1.6050 / 60. Ignore margins Bank will buy. Cross currency problem. Take both the buy rates. USD/INR = 48.50 and GBP/USD = 1.6050. We require GBP/INR. So use maths, GBP/INR = GBP/USD x USD/INR = 1.6050 x 48.50 = 77.8425. Amount credited to the customer = 77.8425 x 50000 = Rs 3,892,125
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