A conducting loop in the shape of a right angled isosceles triangle of height 10 cm is kept, such that the $90^{\circ}$ vertex is very close to an infinitely long conducting wire (see the figure). The wire is electrically insulated from the loop. The hypotenuse of the triangle is parallel to the wire. The current in the triangular loop is in counterclockwise direction and increased at a constant rate of $10 \mathrm{As}^{-1}$. Which of the following statement(s) is (are) true?