A conducting loop in the shape of a right angled isosceles triangle of height 10 cm is kept such that the $$90^\circ$$ vertex is very close to an infinitely long conducting wire (see the figure). The wire is electrically insulated from the loop. The hypotenuse of the triangle is parallel to the wire. The current in the triangular loop is in counter clockwise direction and increased at a constant rate of 10 As$$^{-1}$$. Which of the following statement(s) is(are) true?