Question

Appreciation of Indian rupees will occur when $Rs.45$ have to be paid to exchange one $US$ $insteadofpresentrateof$Rs. 40/.

• A. True
• B. False

Answer 1

The correct option is B False

Depreciation of Indian rupee will occur when Rs 45 have to be paid to exchange one US Dollar instead of the present rate of Rs 40 per dollar as it is a situation of a rise in exchange rate, more rupees are needed to buy one dollar.