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प्रश्न
The Indian rupee fell 14 paisa to 83-91 aa against the US dollar on Wednesday amid outflow of foreign capital and volatile domestic equity markets.
The above situation would lead to a surplus in Balance of Payments account of India. Defend or refute the statement by giving a reason.
कारण बताइए
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उत्तर
Defend the statement
Currency depreciation can improve a country’s current account balance by reducing imports and increasing exports, potentially boosting the overall balance of payments.
shaalaa.com
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