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With falling exchange rate (also called depreciation), import becomes costlier. Suppose we were importing a pen at $ 1. Now if exchange rate decreases from Rs 60/dollar to Rs 65/dollar. Now we have to pay 65 rupees instead of 60 rupees. Thus our interest payment on foreign loan increases. Same for dividend payment on investment. But it benefits the IT companies since depreciation benefits exporters. Export becomes cheaper with falling exchange rate. And our IT companies are net exporter of services so they get benefitted from depreciation.
The number of non-permanent members of the UN Security Council is:
Recently, Indian Oil rolled out brand new M15 Petrol which is a 15% blend of Methanol with Petrol in which state?
Direct change of gas to solid without changing in to liquid is called _________.
‘La Liga’ title is associated with _______.
Which of the following banks have reported a total of 10 banking frauds of over Rs 4820 crore?
Radha Reddy and Raja Reddy are famously known for the ________ form of dance.
Who among the following does not enjoy the Parliamentary Privileges?
Which of the following is called the Upper House of the Indian Parliament?
When was the 8th round of the General Agreement on Tariffs and Trade (GATT), the socalled ‘Uruguay Round’ which led to the establishment of World Tr...
Who is the Chairman of NITI Aayog