Home › CBSE Class 12 (Arts) › Economics › Open Economy Macroeconomics › The rate moves from Rs 50 to Rs 70 per dollar. T…
The rate moves from Rs 50 to Rs 70 per dollar. The rupee has what?
AAppreciated
BBeen revalued
CStayed unchanged
DDepreciated
Answer & Solution
Correct answer: D. Depreciated
More rupees are needed per dollar, so the rupee loses value against the dollar, a depreciation.
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