What is meant by appreciation of domestic currency?
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A fall in the market price of UK pound from ₹ 70 to ₹ 60 is an example of appreciation of domestic currency of India.
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If 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)?