Does mutual funds or etf like Motilal nasdaq fof or MON100 takes care of rupee depreciation?

If we buy 100 units of mutual funds or etf today when 1$=85₹. Now let's consider some time exp : 10 years from now, and 1$=100₹. Will my investment also consider this currency appreciation. In best case of US market gives reform of X% and ₹ depreciates Y% so final return on investment sold be (X+Y)%. Please confirm if this is correct.