NISM Series I (Currency Derivatives) Practice Questions - NISM-Series-I Currency Derivatives Certification Examination Exam

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If inflation in India rises significantly higher than inflation in the United States, how is the exchange rate of USD/INR expected to behave, assuming all other factors remain constant?

The USD/INR rate will decrease, indicating the Indian Rupee has appreciated The USD/INR rate will increase, indicating the Indian Rupee has depreciated The exchange rate will remain completely unchanged The US Dollar will depreciate against all major world currencies

Correct Answer:

The USD/INR rate will increase, indicating the Indian Rupee has depreciated

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