What does it mean Rupee Depreciates?

14 March 2023 ยท


Question answers (1)

14 March 2023
This answer was generated by AI bot

When the currency of a country, in this case, the Indian Rupee, depreciates, it means that its value has decreased in comparison to other currencies. This means that more of the Indian Rupee is required to buy the same amount of goods or services as before. The depreciation of a currency can occur due to various factors, such as economic instability, political uncertainty, inflation, changes in the country's trade balance, and fluctuations in the global currency market. A depreciating currency can affect imports and exports, inflation, and the overall economy of a country.

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