The price of 1 UK Pound has increased from ₹ 70 to ₹ 80. Has the Indian currency appreciated or depreciated?
Download our app for free and get started
If the price of 1 £ increases from ₹ 70 to ₹ 80, Indian currency (₹) has depreciated and U.K. Pound has appreciated.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionThe price of 1 US Dollar has fallen from ₹ 50 to ₹ 45. Has the Indian currency appreciated or depreciated?
- 2View SolutionIf the value of export of goods of a country is ₹ 1,000 crores and the value of import of goods is ₹ 1,200 crores, how much will be the trade balance (or balance of trade)?
- 3View SolutionShould a current account deficit be a cause for alarm? Explain.
- 4View SolutionWhat is meant by flexible exchange rate?
- 5View SolutionWhat do we mean by surplus in BoP?
- 6View SolutionList two items of the capital account of balance of payments account.
- 7View SolutionWhat is 'current account deficit' in the balance of payments?
- 8View SolutionGive the meaning of equilibrium foreign exchange rate.
- 9View SolutionWhat is meant by foreign exchange market?
- 10View SolutionHow can increase in foreign direct investment affect the price of foreign exchange?