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    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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