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What will be the effect on exports, if foreign exchange rate increases?

+1 vote

asked Feb 27, 2019 in Class 12 by kratos

What will be the effect on exports, if foreign exchange rate increases?

balance of payments
class-12
foreign exchange rate

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1 Answer

+4 votes

answered Apr 7, 2020 by kratos

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Exports will increase because Indian goods have become cheaper for foreigners.

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