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In one month Sri Lankas floating-rate currency, the rupee (Rs), goes from 147 Rs/$ to 160 Rs/$,
while the Japanese yen goes from 106 /$ to 100 /$. (a) There has been a devaluation of the rupee
against the dollar and the yen. (b) The rupee has depreciated by 13.3% against the yen. (c) The
rupee has depreciated by 15.4% against the yen. (d) The yen has

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  • 1. In one month Sri Lankas floating-rate currency, the rupee (Rs), goes from 147 Rs/$ to 160 Rs/$, while the Japanese yen goes from 106 /$ to 100 /$. (a) There has been a devaluation of the rupee against the dollar and the yen. (b) The rupee has depreciated by 13.3% against the yen. (c) The rupee has depreciated by 15.4% against the yen. (d) The yen has