The issue arising in the present appeal relates to enforcement of an arbitral award expressed in foreign currency In this context two questions arise for consideration First what is the ... correct and appropriate date to determine the foreign exchange rate for converting the award amount expressed in foreign currency to Indian rupees Second what would be the date of such conversion when the award debtor deposits some amount before the court during the pendency of proceedings challenging the award Two uncertainties have a direct bearing on the question to be answered the time lapse between the date of the award and its enforceability- a local factor and the ever-fluctuating exchange rates- a global factor