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The sharp depreciation of rupee in the F...

The sharp depreciation of rupee in the Forex market in the year 2011 was due to
1. flight to safety by foreign investors
2. meltdown in European markets
3. inflation in emerging market economies
4. lag effect of monetary policy tightening
Select the correct answer using the code given below.

A

1, 2 and 3 only

B

1, 2 and 4 only

C

3 and 4 only

D

1, 2, 3 and 4

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