India is facing continuous deficit in its balance of payments. In the foreign exchangemarket rupee is expected to

Depreciate against currencies of the countries with positive balance of payment and appreciate against countries with negative balance of payment.

India is facing continuous deficit in its balance of payments. In the

1.	India is facing continuous deficit in its balance of payments. In the foreign exchangemarket rupee is expected to
A.	Depreciate.
B.	Appreciate.
C.	Show no specific tendency.
D.	Depreciate against currencies of the countries with positive balance of payment and appreciate against countries with negative balance of payment.
Answer» B. Appreciate.