As per Foreign Exchange Reforms, in 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was ____________ against foreign currencies.
As per Foreign Exchange Reforms, in 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was ____________ against foreign currencies.
Solution
✅ Correct Option: 4
In 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was devalued against foreign currencies. This made exports cheaper and increased the inflow of foreign exchange.
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