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Options
-
The NAV of the scheme in Indian Rupees will depreciate
Correct answer
- B
The NAV of the scheme in Indian Rupees will appreciate
- C
No impact on the fund as its investing in stocks and not currency
Why this is the answer
If the US Dollar depreciates against the Indian Rupee, the NAV in INR of an International Fund, which is invested in US stocks, will decrease. This is due to the negative impact of currency fluctuations on the value of the fund.
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