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RSU – Impact of Exchange rate

Here is the question

Assuming I am provied 70  shares on 10/Dec/2012 post tax (100 RSU provided and 30 shares sold to cover the tax). On that the share prices was $20 and assume 1USD = INR 55

 

Now if I sell today the share for same price 20 USD but the conversion rate is 60 (1USD=INR 60) — do i need to include 70 * 5 = INR 3500 as part of income (< 1 year and hence Short term) 

 

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