Question

In the foreign exchange market price of US Dollar rises from ₹ 60 to ₹ 61. This means that_____

A Rupee has depreciated Correct Answer Incorrect Answer
B US Dollar has appreciated Correct Answer Incorrect Answer
C Both a) and b) Correct Answer Incorrect Answer
D None of the above Correct Answer Incorrect Answer
E Only a) Correct Answer Incorrect Answer

Solution

In the foreign exchange market price of US Dollar rises from ₹ 60 to ₹ 61. This means that rupee has depreciated and US Dollar has appreciated.

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