Are the following statement true or false? Give reason.
Depreciation of Indian rupees will occur when ₹ 55 have to be paid to exchange one US $ instead of present rate of ₹ 50/ $.
Depreciation of Indian rupees will occur when ₹ 55 have to be paid to exchange one US $ instead of present rate of ₹ 50/ $.
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True.
Explanation:
In case of depreciation, more rupees have to be paid to exchange one US dollar, i.e., greater than ₹ 50/ $.
Explanation:
In case of depreciation, more rupees have to be paid to exchange one US dollar, i.e., greater than ₹ 50/ $.
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