Question

The rupee slumped on Friday to a record closing low of 75.20 against the U.S. dollar as deepening
concerns about the economic fallout of the COVID-19 pandemic sent global investors scurrying to dump most
assets, especially emerging market holdings, and opt for cash and the relative safety of the greenback. The
rupee has now depreciated by more than 5.3% in 2020, with the bulk of its losses, a 4.1% slide, having
occurred in March. The Hindu, March 22, 2020
As per the above article, whether the rupee is appreciating or deprecating against dollar? Discuss the possible
causes of this situation.

Answer 1

Answer:

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