6) The current spot rate is 7.4500 / (Indian rupee per Salvadoran colon). Six months...
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6) The current spot rate is 7.4500 / (Indian rupee per Salvadoran colon). Six months ago the spot rate was 7.5100 /. Over the last 6 months, inflation in India was 3.50% annually and inflation in Salvador was 1.80% annually. By how much did the colon () appreciate or depreciate in real terms relative to the rupee ()? Show all calculations.
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