Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Assume that in Canada the nominal interest rate is equal to 3% per year and in India the nominal interest rate is 11% per year. Based on these figures, what will be the depreciation in the Indian Rupee per year?