"Indian Rupee (3) plunged to all time low of * 74.48 against the US Dollar ($)."
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Indian Rupee is depreciating against the US Dollar since it is given that " Indian Rupee (₹) plunged to an all-time low of ₹ 74.48 against the US Dollar ($)". A high exchange rate makes the imports more expensive. Consequently, a rise in the exchange rate implies a reduction in the demand for imports and vice-versa.
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