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      Question

      An Indian importer buying goods from the USA will be

      concerned if the Indian Rupee:
      A Appreciates against the US Dollar Correct Answer Incorrect Answer
      B Depreciates against the US Dollar Correct Answer Incorrect Answer
      C Remains stable Correct Answer Incorrect Answer
      D Is devalued by the RBI Correct Answer Incorrect Answer

      Solution

      If the Indian Rupee depreciates against the US Dollar, it means the importer needs to pay more rupees to buy the same amount of dollars to settle the invoice, increasing the cost of imports.

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