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    Question

    How much did the Indian rupee fall against the dollar in

    the sharpest weekly decline in nearly three years?
    A 0.95% Correct Answer Incorrect Answer
    B 1.05% Correct Answer Incorrect Answer
    C 1.18% Correct Answer Incorrect Answer
    D 1.25% Correct Answer Incorrect Answer
    E 1.30% Correct Answer Incorrect Answer

    Solution

    The rupee depreciated by 1.18% against the dollar in a single week, the steepest fall in almost three years. Such a decline increases import costs, raises inflationary pressure, and can trigger RBI interventions to prevent excessive volatility in the currency market.

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