Hi Sraj,
You can certainly run the AP/AR foreign currency revaluation jobs in AR and AP. At the same time you can run the GL foreign currency revaluation process for your IC ledger account.
Yet, I am not sure if you can use the very same ledger account that is used as AP/AR summary account and for your other IC transactions that you use for your intercompany GL postings. Never tested such a scenario. Yet, I would recommend using separate sub-ledger accounts for your ordinary AP\AR transactions and for your other GL related IC transactions. Not only from an accounting perspective but also from a GL to AP/AR reconciliation perspective.
Hope it helps,
Regards,
Ludwig