Question
According to the author rupee is not the only currency
that is losing its value against dollar. How does this fact affect India? Read the passage and answer the questions that follow. The rupee is yet again facing renewed pressure, along with major peers, as the dollar continues to strengthen in the wake of the Federal Reserve’s latest jumbo 75 basis points interest rate increase and the U.S. central bank’s unequivocal message that it remains squarely focused on taming inflation. The Indian currency weakened past the 81-mark against the dollar for the first time ever in Friday’s intraday trade, before ending the week at a new record closing low. The rupee’s slide was softened by the Reserve Bank of India’s intervention to smoothen volatility; the cumulative impact of such interventions over the 12 months through September 16 have shrunk the RBI’s war chest of foreign exchange reserves by almost $94 billion to $545.65 billion. The fact that the rupee is not alone in depreciating against the dollar can be of little comfort to Indian companies reliant on imports of raw materials or services for the smooth functioning of their businesses.Solution
In the passage, it is stated that “The fact that the rupee is not alone in depreciating against the dollar can be of little comfort to Indian companies reliant on imports of raw materials or services for the smooth functioning of their businesses.”
Find the appropriate answer.
He had a “fruitful discussion” in the “senior-most leader of the country.
It is about time we tell you that you should start preparing for the exam sincerely.
The midnight session in Parliament that marked India’s transition to Goods and Services Tax was reminiscent of a similar occasion on the eve of India�...
In my opinion (A)/a pencil is always (B)/ more preferable to a pen.(C)/ No error (D)
The volunteers came into (A)/the room very quiet because (B)/the patient was sleeping (C).
- The sentence is divided into four parts marked as (A), (B), (C), and (D). One of the parts may contain a grammatical error. Identify the part that has the ...
In the sentence given below, four words have been printed in bold. One of these words may be misspelt or inappropriate in the context of the sentence. ...
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option...
- Parts of the following sentence have been given as options. Select the option that contains an error.
She did not wanted to go to the party because...
Relevant for Exams:
