When the exchange rate changes from 1$ = Rs. 60 to 1$ = Rs.

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M: +2.00/-0.33

When the exchange rate changes from 1$ = Rs. 60 to 1$ = Rs. 58, it means :

I. Rupee value has appreciated

II. Dollar value has depreciated

III. Rupee value has depreciated

IV. Dollar value has appreciated

Uttarakhand P.C.S. (Pre) 2012

[External Sector - Trade, FDI, Debt]

I and II are correct

II and III are correct

I and IV are correct

II and IV are correct

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