Which of the following stands TRUE as per the reading of the given passage?

Question

TuteeHUB · Accepted Answer

The domestic currency is still not better than its emerging market peers.

TuteeHUB · Answer

By the end of March, the rupee has depreciated in nominal effective terms by 5.6 per cent since the end of September.

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The Reserve Bank of India (RBI) left the policy rates unchanged and ruled out a rate cut in the rest of the fiscal.

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There is a target around any particular level of exchange rate, which is determined by market forces demand and supply.

TuteeHUB · Answer

None of the above

1.	Which of the following stands TRUE as per the reading of the given passage?
A.	By the end of March, the rupee has depreciated in nominal effective terms by 5.6 per cent since the end of September.
B.	The Reserve Bank of India (RBI) left the policy rates unchanged and ruled out a rate cut in the rest of the fiscal.
C.	The domestic currency is still not better than its emerging market peers.
D.	There is a target around any particular level of exchange rate, which is determined by market forces demand and supply.
E.	None of the above
Answer» C. The domestic currency is still not better than its emerging market peers.

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