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Today is November 16 th 2023. You are Chief Economist at Goldman Sachs, a Wall Street investment bank. On November 16 th 2022 (EXACTLY ONE

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Today is November 16 th 2023. You are Chief Economist at Goldman Sachs, a Wall Street investment bank. On November 16 th 2022 (EXACTLY ONE YEARAGO), the (nominal) spot exchange rate for the number of INR (Indian Rupee) per USD was 88.064 . Today, on November 16 th 2023, the (nominal) spot exchange rate for the number of INR per USD is 95.460 . Between November 16th 2022 and November 16 th 2023 , the inflation rate in India was 11%, while over the same period, in the US, the inflation rate was 2.4%. Assume that the real exchange rate on November 16 th 2022 was normalised to be 88.064 (i.e., the same as the (nominal) exchange rate). Q 13: Compute the real (REPEAT REAL) exchange for the number of INR per USD on November 16th 2023. Enter your answer to 4 decimal places. Don't worry if Canvas appears not to accept the answer to 4 decimal places (it does internally even if, for example, only one decimal place gets "displayed")

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