Economics · Foreign Exchange
If the Indian Rupee (INR) depreciates against a foreign currency, it implies that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Imports into India become significantly cheaper
- 2More Rupees are required to purchase a unit of that foreign currency✓
- 3Less foreign currency is required to purchase Indian Rupees
- 4The Rupee has become stronger relative to that currency
Correct answer
More Rupees are required to purchase a unit of that foreign currency
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