Question
Which of the following was NOT a consequence of the rupee
devaluation implemented in 1991 as part of India's international currency adjustment?Solution
The 1991 devaluation of the rupee did not result in increased imports. On the contrary, the devaluation made imports more expensive, leading to decreased import demand. The other options were actual effects of the devaluation: Indian exports became more affordable in foreign markets, boosting export volumes; the weaker rupee made Indian investments more attractive to foreign investors, increasing foreign capital inflow; and as noted, imports decreased due to their higher cost following devaluation.
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