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Let us assume that the foreign exchange rate of the Indian rupee is speculated to rise in the coming months. This may lead to many investors holding on to their reserves of US dollars. Which of the following things will this result in? P: rise in demand of US dollars Q: rise in the supply of US dollars R: an actual depreciation of INR S: fall in demand of INR A. only P and S B. only Q and R C. only P, Q, and R D. only P, R, and S |
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Answer» D. only P, R, and S |
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