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.”
The order is __________ and you must abide by it, as there is not even the slightest chance of its being modified or withdrawn.
Choose the correct structure to complete the sentence.
Friendship built on business is _____________ business based on friendship
Fill the Blanks.
Policy makers must remain laser focused on ____________ vaccination coverage and taking fiscal measures to __________ overall co...
The company's decision to expand its operations overseas was met with ______ from shareholders concerned about the associated risks.
Fill in the blanks with the appropriate antonym of the word highlighted.
The onlookers, who ______ in large number, have dispersed on the arri...
It was after his death that the masterpiece _____________ by the poet got exposed to the world.
If they were nervous, it was pretty tough to tell, they had such a friendly, ___________ way about them.
The brothers were ____________ when the war began.
It’s important to _______ when negotiating a contract.
Choose the word that best fits the blank:
Despite his repeated failures, he remained ______ and continued to work hard toward his goals.
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