Question
Given the following information: Three-years ago the USD/RUB exchange rate was 77.37 and today the exchange rate now sits at USD/RUB 92.58. Three-years ago the
Given the following information: Three-years ago the USD/RUB exchange rate was 77.37 and today the exchange rate now sits at USD/RUB 92.58. Three-years ago the USD/INR exchange rate was 74.71 and today the exchange rate now sits at USD/INR 83.30. Russian inflation has been at rates of 9.2%, 11% and 7.7% over the last 3 years. In India, the inflation rates have been 5.5%, 6.7% and 5.7%.
Has the RUB appreciated or depreciated against the INR over the last 3 years?
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
