Economics · Foreign Exchange Rate
Suppose the exchange rate changes from ₹1 = 13 U.S. cents to ₹1 = 14 U.S. cents. Consider the following statements: 1. New exchange rate is unfavorable to the U.S.A. (imports from India become costlier). 2. New exchange rate is unfavorable to India (rupee appreciation harms Indian exports). 3. New exchange rate is favorable to the U.S.A. 4. New exchange rate is favorable to India. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 3 and 4
- 2Only 2 and 4
- 3Only 1 and 4
- 4Only 1 and 2✓
Correct answer
Only 1 and 2
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