"First of all I would look at it as not rupee sliding, I would look at it as dollar strengthening, dollar strengthening incessantly" said Nirmala Sitaraman after attending the Annual meetings of the IMF and the world Bank
Based on the above passage, answer the questions mentioned below :
Strengthening of dollar reflects :
Answer & explanation
Correct answer: option 3
The correct answer is option (3) : Appreciation of US dollar
When someone refers to the "dollar strengthening, " it means the value of the U.S. dollar is increasing in relation to other currencies, indicating appreciation of the U.S. dollar.