A) Excess of exports over imports
B) Purchasing power of rupee has come down
C) Availability of less foreign currency vis-a-vis rupee
D) Excess of imports over exports
E) Availability of more foreign currency vis-a-vis rupee
Correct Answer: D
Solution :
Currency Appreciation refers to increase in the value of one currency in terms of another. Currencies appreciate against each other due to capital inflows and the state of a country's current account. It leads to larger imports of goods and services, and lower exports.
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