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50
M: +1.00/-0.33

When the exchange rate changes from 1$ = ` 60 to 1$ = ` 58, it means :
I. Rupee value has appreciated
II. Dollar value has depreciated
III. Rupee value has depreciated
IV. Dollar value has appreciated

[UKPSC 2014 GS P1]
A
B
C
D
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