Radha is a dentist, she imports many of her equipments from Australia, earlier for every artificial dental set she use to pay 265 Rs as it was worth 5 dollars, but now the price has gone up i.e. she pays Rs 300 even when the cost of product in terms of dollars is 5 only. According to you, what has happen to the exchange rate?

Depreciation of Indian rupee

The Indian rupee has depreciated, the reason is that the exchange rate has risen. Earlier 1 dollar = Rs 53 after depreciation the exchange rate has become 1 dollar = Rs 60