Directions: In the questions given below, a passage has been given with a number of statements in bold.  These statements may/may not be correct grammatically and contextually. You are required to study each of the bold statements and choose from the options the one which is correct contextually and grammatically. If the statement is correct, choose option E as your answer.

(A) India’s macro economy threats lay expose as they grapples with the rupee’s sliding. The currency sunk to a closing low of 68.07 against the U.S. dollar on Tuesday, its lowest level in 16 months, before recovering slightly the next day. The rupee, already one of the worst performing Asian currencies, has now weakened 6.2% in 2018. The rise in crude oil prices have hurt the trade balance. (B) At same instance, despicable a depreciating currency, India’s merchandise exports are stumbling while of gaining from the opportunity. April clocked a sharp decline in exports from employment-intensive sectors such as readymade garments and gems and jewellery, according to official data. (C) The trade deficit has consequently widened to $13.7 billion in April, compared to $13.25 billion in the same month in 2017. The value of oil and petroleum product imports increased by 41.5% from last year to hit $10.4 billion. (D) U.S. sanctions followed Washington’s withdrew by the Iran nuclear deal with a June 22 meeting of OPEC was drive oil price trends hereon. Oil prices apart, the tightening of U.S. monetary policy has almost always spelled trouble for emerging market economies hooked to Western capital inflows. (E) These time it is no different; capital outflows are scuppering the currencies of many emerging market economies.