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Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
What is meant by appreciation of domestic currency?
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Answer

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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