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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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