Question
Why is the rupee and other currencies facing a pressure
lately? Read the passage and answer the questions that follow. The rupee is yet again facing renewed pressure, along with major peers, as the dollar continues to strengthen in the wake of the Federal Reserve’s latest jumbo 75 basis points interest rate increase and the U.S. central bank’s unequivocal message that it remains squarely focused on taming inflation. The Indian currency weakened past the 81-mark against the dollar for the first time ever in Friday’s intraday trade, before ending the week at a new record closing low. The rupee’s slide was softened by the Reserve Bank of India’s intervention to smoothen volatility; the cumulative impact of such interventions over the 12 months through September 16 have shrunk the RBI’s war chest of foreign exchange reserves by almost $94 billion to $545.65 billion. The fact that the rupee is not alone in depreciating against the dollar can be of little comfort to Indian companies reliant on imports of raw materials or services for the smooth functioning of their businesses.Solution
In the passage, it is stated that “as the dollar continues to strengthen in the wake of the Federal Reserve’s latest jumbo 75 basis points interest rate increase and the U.S. central bank’s unequivocal message that it remains squarely focused on taming inflation…”
Statement:
Only Asha is Jeenat
Some Asha are Charu
Some Charu are not Yash
Conclusion:
I. Some Yash are As...
Statements:
Few Platform is Train
All Train is Ticket
No Train is Mall
Conclusion:
I. No Ticket is Mall
II....
Statements : Some tablets are vowels.
No vowel is a letter.
All letters are words.
Conclusions:I. Some tablets are not letters.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements: Some park are road.
...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statement:
Only a few A are C
All A are B
Conclusion:
I. Some C are not B is...
Statement :
Only a few Asus is HTC
Some HTC is Acer
All Acer is Samsung
Conclusion:
I. Some HTC is Samsung
Statement:
Some letters are papers
All papers are objects.
Some objects are subjects.
Conclusion:
I. Some papers...
Statements
Only a few A is B
No B is C
Only a few C is D
Some D is E
Conclusions:
I). No A is C
...
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