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| Q.14 | Assume that exchange rate between the US Dollar and Indian Rupee is $1= ₹55. Now if this exchange rate increases to $1 = ₹60, then in this case the Indian Rupee has ____ in comparison to the US dollar. | |
| Ans | 1. appreciated | |
| 2. overvalued | ||
| 3. depreciated | ||
| 4. Demonetised |
Correct Ans Provided: 3
