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When the exchange rate changes from 1 $ = 60 to 1 $ = 58, it means1. Rupee value has appreciated2. Dollar value has depreciated3. Rupee value has depreciated4. Dollar value has appreciated Which of the statement(s) given above is/are correct?

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When the exchange rate changes from 1 $ = 60 to 1 $ = 58, it means<br />1. Rupee value has appreciated<br />2. Dollar value has depreciated<br />3. Rupee value has depreciated<br />4. Dollar value has appreciated Which of the statement(s) given above is/are correct?






 
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