The price of 1 US Dollar has fallen from ₹ 50 to ₹ 45. Has the Indian currency appreciated or depreciated?
Download our app for free and get startedPlay store
When the price of 1 US $ falls from ₹ 50 to ₹ 45, Indian currency (₹) appreciates and is more valuable.
art

Download our app
and 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

  • 1
    Do you think that a rise in BPO services a good source of supply of foreign currency?
    View Solution
  • 2
    When will balance of trade show a surplus?
    View Solution
  • 3
    State two sources of demand for foreign exchange.
    View Solution
  • 4
    What does a change from represent?
    View Solution
  • 5
    What is meant by foreign exchange market?
    View Solution
  • 6
    List two items of the capital account of balance of payments account.
    View Solution
  • 7
    Are the concepts of demand for domestic goods and domestic demand for goods the same?
    View Solution
  • 8
    Giving reasons, state whether the following statements are true or false:
    Both depreciation and devaluation of domestic currency have the same meaning.
    View Solution
  • 9
    Explain the automatic mechanism by which BoP equilibrium was achieved under the gold standard.
    View Solution
  • 10
    Why are imports entered as negative items in the balance of payments account?
    View Solution