The rate of inflation in India is 8% p.a. and in USA it is 4%. The...
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The rate of inflation in India is 8% p.a. and in USA it is 4%. The current spot rate for USD in India is Rs.46. What will be the expected rate after one year applying the purchasing power parity theory? The rate of inflation in India is 8% p.a. and in USA it is 4%. The current spot rate for USD in India is Rs.46. What will be the expected rate after one year applying the purchasing power parity theory?
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