As per reports in the newspapers the Indian Rupee is appreciating these day. What does it really mean?
1. The value of the Rupee has gone up. It is now 110 paise and not 100 paise:
2. The Exchange Rate of Rupee has gone up.
3. Now we can purchase more in one rupee which was not possible earlier.

A

Only (1)

B

Only (2)

C

Only (3)

D

Both (1) and (2)

E

None of these