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GATE 2014-EC3 2

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The value of one U.S. dollar is $65$ Indian Rupees today, compared to $60$ last year. The Indian Rupee has ____________.

  1. depressed
  2. depreciated
  3. appreciated
  4. stabilized

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depressed - in a state of unhappiness

depriciate - decrease in value.

appreciated - recognize the full worth of.

stabilized - become unlikely to change.

Ans- B.

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