Previous year MCQs

Current Affairs UPPSC 2007 GS-I
Question

In recent years, Indian Rupee has been strong against which of the following currency?

Answer & Solution

Answer: (Detailed Solution Below)

Option A: Yen

Detailed Solution:

The correct answer is “Yen”.
Simply put, the rupee's "effective" depreciation of 32.2-40.2% against the currencies of all major trade partners of India over the last 20 years has been lower than its corresponding depreciation of 45.7% against the US dollar alone for this period.

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