Question 2
EasyOriginal questionThe rupee-dollar rate moves from ₹80 to ₹85 per dollar. The rupee has
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
More rupees are now needed to buy one dollar, so each rupee is worth less in dollars.
Worth noting
The number went up, but a higher ₹ per $ means a weaker rupee.
- Concept
- Depreciation of the rupee
- Typical timeTypical
- 40 s
- Your timeYours
- —
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