India is facing continuous deficit in its balance of payments. In the foreign exchange market rupee is expected to | Faculties

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Mr. Dubey

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📊 Banking and Finance 2

Q. India is facing continuous deficit in its balance of payments. In the foreign exchange market rupee is expected to

(A) Depreciate.
(B) Appreciate.
(C) Show no specific tendency.
(D) Depreciate against currencies of the countries with positive balance of payment and appreciate

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✅ Correct Answer: (A) Depreciate.

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