Currency Translation Issue (BPC 10 NW)

I am running into an issue with Currency Translation. Instead of dividing INR amounts by currency rate, system is multiplying it. Steps taken in the correct order:

1. Load India file.
   
   
2. Load Currency Rates.
   
   
3. Run Currency Translation. Notice the 2nd line is the record loaded from the India file in "LC". The first line is what Currency Translation process added. But the calculation is wrong. The USD amount is calculated by the system using this formula:
   
   7831 (LC amount loaded) * 59.597 (Currency Rate) = 466704.107
   But it should be 7831 (LC amount loaded) / 59.597 (Currency Rate) = 131.399
   
   
   
4. My settings in the BPC Admin are attached below along with screenshots for above steps in the correct order.
   

Note: I added "INR" yesterday for testing purposes but I can't delete it anymore even though I deleted transactional data from the model(s) completely.

Why is system multiplying the rate and not dividing it?

Am I missing anything?

-Rohit