

McqMate
Q. |
India is facing continuous deficit in its balance of payments. In the foreign exchange market rupee is expected to |
A. | Depreciate. |
B. | Appreciate. |
C. | Show no specific tendency. |
D. | Depreciate against currencies of the countries with positive balance of payment and appreciate against countries with negative balance of payment. |
Answer» A. Depreciate. |
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