Civil Services Uttarakhand Combined State Civil/Upper Subordinate Services Examination 2025 General Knowledge Economy External Sector and Currency Exchange rate
Which of the following factors would most likely cause an increase in the NEER of the Indian rupee ?
1
A significant increase in the US dollar against other major currencies in the basket.
2
An overall increase in the trade volumes between India and its major trading partners.
3
A relative strengthening of the Indian rupee against the majority of the currencies in its basket.
4
Decreased inflation rates in India compared to its major trading partners.