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Suppose that the exchange rate between the Indian rupee ( INR ) and the UK pound ( GBP ) changes from 9 5 INR =

Suppose that the exchange rate between the Indian rupee (INR) and the UK pound (GBP) changes from 95 INR =1 GBP to 92 INR =1 GBP. Which of the following is likely to result from this?
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In the market for exchange between the pound and the rupee, demand for rupee will shift left.
India will import fewer goods and services from the UK.
In the market for exchange between the pounds and the rupee, supply of pounds will shift left.
Exports from India into the UK will decrease.
All of the other answers are correct.

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