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NextQ10

Suppose, the price of one UK Pound (£) has increased from Rs. 70 to Rs. 80, owing to market forces. This means that value of Indian Currency (Rs.) has ______. (Choose the correct alternative)

Understanding Foreign Exchange and Exchange RateStudy Simplify SpecialPYQ1MCQ
Question 9

"Considering the depreciation of Indian Currency (Rs.) in the international market, the Reserve Bank of India (RBI) has decided to purchase Indian currency (Rs.) in the open market." This represents ______ exchange rate system. (Fill up the blank with correct alternative)

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