At the beginning of the year the exchange rate between the Indian Rupee and the U.S. dollar was 75 rupees per dollar. Ov

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answerhappygod
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At the beginning of the year the exchange rate between the Indian Rupee and the U.S. dollar was 75 rupees per dollar. Ov

Post by answerhappygod »

At the beginning of the year the
exchange rate between the Indian Rupee and the U.S. dollar was 75
rupees per dollar. Over the year, Indian inflation is 10 percent
and U.S. inflation is 7 percent. If purchasing power parity holds,
at year-end the exchange rate should be approximately ________
rupees per dollar.
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