Question

If the rate of exchange of Indian currency vis-a-vis American dollar changes from 1\$ = ₹70 to 1$ = ₹70, we will say that ______.

Options

• the dollar has appreciated

• the rupee has appreciated

• the rupee has depreciated

• the rupee has devalued

Answer 1

If the rate of exchange of Indian currency vis-a-vis American dollar changes from 1\$ = ₹70 to 1$ = ₹70, we will say that the rupee has appreciated.