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Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the news report given below and answer the question that follow with respect to the same:The rupee rose by 3 paise to settle at ₹ 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market.At the interbank Forex market, the rupee opened at ₹ 72.95 against the American currency, and hit an intraday high of ₹ 72.89 and a low of ₹ 72.96 in day trade. It finally finished at ₹ 72.94, higher by 3 paise over its last close. On Friday, the rupee had settled at ₹ 72.97 against the American currency.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.10 per cent to ₹ 90.32. “The rupee has managed to hold its fort around the ₹ 72.90 to 73 levels, but given the sell-off in equities and the likelihood of a rebound in the dollar index, we see the trend tilting slightly towards depreciation going forward,” said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare NSE 0.52 % Broking.Q. India follows ___________________ system of Foreign Exchange, as per the given report.a)Fixed Exchange Rateb)Flexible Exchange Ratec)Managed Floating Exchange Rated)None of the aboveCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.