Suppose in the year 2010 (where price level is 100), the Japanese yen and Indian rupee exchange
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Suppose in the year 2010 (where price level is 100), the Japanese yen and Indian rupee exchange rate (¥/rupee) is 0.54. If the price level in 2013 stands at ¥105 and 110 rupees in Japan and India respectively, what will be the exchange rate in 2013, based on the PPP?
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Related Book For 
International Finance: Theory And Policy
ISBN: 9781292065199
10th Edition
Authors: Krugman, Paul R.; Melitz, Marc J.; Obstfeld, Maurice
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