If 1 dollar = Rs. 60 changes to 1 dollar = Rs. 69 by the mandate of the RBI, has occurred.

devaluation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

revaluation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

appreciation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

depreciation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A devaluation
Devaluaion refers to the mandated reduction in the value of a currency, i.e. exchange rate increases.

Suggest Corrections

Similar questions

If €1 = Rs 75 & $1 = Rs 60. Choose the correct option

h a s g o n e d o w n f r o m

t o

1 U S

R s . 50

R s . 48

If the exchange rate changes from 1 $= R s . 100 t o 0.5$ = Rs. 50, which of the following has occurred for the rupee?

On a particular day, 200 US dollars are worth Rs 9666. On that day, how many dollars could be bought for Rs. 5074. 65?

Join BYJU'S Learning Program