New Delhi, Aug. 29 -- Ace fund manager Samir Arora has taken to social media to clarify a common misconception in currency arithmetic - how to correctly calculate depreciation of the Indian Rupee (INR) versus appreciation of the US Dollar (USD).

Arora, the founder and fund manager at Helios Capital, highlighted that while most headlines often state that the dollar has appreciated by a certain percentage against the rupee, it does not mean the rupee has depreciated by the exact same percentage. The difference arises because of how currency values are quoted and how depreciation is measured.

To illustrate, he used the example of the rupee moving from USD 1 = Rs.61 to USD 1 = Rs.88. At first glance, this looks like the dollar has appreciat...