Effect of Changes, Foreign Exchange Market Practice Test

The domestic currency is the Indian rupee (INR). The government reduces the budget deficit, decreasing government borrowing and lowering domestic interest rates relative to rates abroad. Based on the foreign exchange market shown, what is the most likely immediate effect on the INR (exchange rate measured in foreign currency per INR)?

The domestic currency is the South Korean won (KRW). Foreign consumers develop a stronger preference for South Korean electronics, increasing foreign purchases of South Korean exports. Based on the foreign exchange market shown, what happens to the won?

Assume the exchange rate is measured as $\text{USD per won (USD/KRW)}$.