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Depreciation of the Indian Rupee
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Depreciation of the Indian Rupee

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Questions and Answers

Which factor contributed to the depreciation of the Indian rupee against the US dollar?

  • Negative trend in domestic equities (correct)
  • Positive domestic markets
  • Weak tone in US dollar
  • Foreign fund outflows

    • What was the closing value of the rupee against the US dollar on Monday?

  • 83.10
  • 83.05
  • 83.12 (correct)
  • 83.13

    • What was the range within which the rupee traded on Monday?

  • 83.10 to 83.12
  • 83.11 to 83.13
  • 83.10 to 83.11
  • 83.05 to 83.13 (correct)

    • What was the change in value of the rupee compared to its previous close on Monday?

    <p>1 paise depreciation</p> Signup and view all the answers

    What is the likely direction of the rupee's trading based on risk aversion in global markets?

    <p>Negative bias</p> Signup and view all the answers

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