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Assume that the exchange rate between the US Dollar and Indian Rupee is 1 = ₹ 55 1 = ₹55 1 = ₹55 . Now if this exchange rate increases to 1 = ₹ 60 1 =...

SSC SSC CGL Tier 2 Easy India & Neighbouring Countries MCQ

Question

Assume that the exchange rate between the US Dollar and Indian Rupee is 1=₹551 = ₹55. Now if this exchange rate increases to 1=₹601 = ₹60, then in this case the Indian Rupee has ___ in comparison to the US dollar.

Options

A.

depreciated

B.

appreciated

C.

Demonetised

D.

overvalued

exchange ratecurrency depreciationindian rupeeus dollareconomics

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