LS0840: Raghu Steel Pvt. Ltd. is a leading steel company in India. The company produces steel for the domestic market only

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Question: Raghu Steel Pvt. Ltd. is a leading steel company in India. The company produces steel for the domestic market only.
However, the company process the raw material from Indian suppliers only.
However, the CFO of the company believes the company faces Forex risk. Justify his view.


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