Exams › GATE › General Aptitude
The value of one U.S. dollar is 65 Indian rupees today, compared to 60 last year. The Indian rupee has ____________.
- depressed
- depreciated
- appreciated
- stabilized
Correct answer: depreciated
Solution
If one dollar now costs more rupees than before, the rupee has lost value against the dollar. This is called depreciation.
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