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When the exchange rate rises due to managed floating then it will be appreciate or depreciate??

Posted by Ayushi Singh 1 year, 8 months ago

CBSE > Class 12 > Economics

1 answers

Harshith Raj Kumar 1 year, 8 months ago

ANYTIME IF FOREX RATE RISE IT IS DEPRECIATION OF DOMESTIC CURRENCY FOR EXAMPLE 1$=60₹ AND IF IT RISES TO 1$=70₹ IT'S DEPRECIATION OF OUR ₹

2Thank You

ANSWER

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