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Question
If the exchange rate changes from 1$ = ₹ 86 to 1\$ = ₹ 88, it implies that ______.
Options
Indian rupee has depreciated
the rupee has appreciated
the dollar has depreciated
the rupee has revalued
MCQ
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Solution
If the exchange rate changes from 1$ = ₹ 86 to 1\$ = ₹ 88, it implies that Indian rupee has depreciated.
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