With regard to foreign exchange, the Washington Consensus advised that the rupee must undergo:

Appreciation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Depreciation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Revaluation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Devaluation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
Devaluation

With regard to foreign exchange, the Washington Consensus advised that the rupee must undergo devaluation, to boost exports.

Suggest Corrections

Similar questions

Which sectors did the Washington Consensus say spending must be shifted to?

The Washington Consensus suggested that tax rates must be reduced. State true or false.

The Washington Consensus is:

Join BYJU'S Learning Program