In which of the following years was the rupee cheapest with respect to the dollar?
Explanation:
The rupee is cheapest with respect to the dollar when the numerical value of rupees corresponding to 1 dollar is the highest
i.e. If 1 US $ = X INR, then the rupee is cheapest when X takes its largest numerical value.
The value of the rupee with respect to the dollar for the given years is:
Thus, the rupee is cheapest in 2002. Hence, option (b).
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