Economics · Macroeconomics
Assume that the 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.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1depreciated✓
- 2appreciated
- 3demonetised
- 4overvalued
Correct answer
depreciated
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