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Very Short Answer Type Questions:
The price of $$1\ US$$ Dollar has fallen from $$Rs. 50$$ to $$Rs. 48$$. Has the Indian currency appreciated or depreciated? 


Solution

Indian currency is appreciating when the price of one dollar has fallen from Rs 50 to Rs 48, as less rupees are needed to buy one dollar. It is a situation of a rise in exchange rate for Indian rupee.

Economics

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