Question 17 0 / 1 pts Suppose the rate of inflation was 2.7 percent in India from 2008-2012 and, over that same period, the inflation rate in the United States was 2 percent. Based on these inflation trends, which of the following is true? The PPP condition implies that the rupee and dollar have both appreciated relative to other global currencies The PPP condition implies that the rupee and dollar have both depreciated relative to other global currencies, The PPP condition implies that the rupee has appreciated relative to the dollar The PPP condition implies that the rupee has depreciated relative to the dollar