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of <h1>Foreign currency cash flows recorded at transaction date rates; unrealized gains/losses excluded per Ind AS 21.</h1> Cash flows from foreign currency transactions are recorded in an entity's functional currency using the exchange rate at the transaction date. Unrealized foreign exchange gains or losses are excluded from the cash flow statement as they are non-cash items. However, the effect of exchange rate changes on cash and cash equivalents is reported separately to reconcile opening and closing balances. The cash flows of foreign subsidiaries are translated using the exchange rates at the dates of the cash flows, consistent with Ind AS 21. A weighted average exchange rate may be used, but not the end-of-period rate.
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