Annual inflation rates, The exchange rate at the beginning

Annual inflation rates

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Reference no: EM13984986

The exchange rate at the beginning of a year between the Indian Rupee (R) and the U.S. dollar is R43.125/$. The annual inflation rates in India and in the United States are 19 percent and 3 percent respectively. What would be the new exchange rate at the end of the year?

Reference no: EM13984986

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