Suppose the Indian rupee depreciated in the international market. What will be the impact of rupee depreciation
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Suppose the Indian rupee depreciated in the international market. What will be the impact of rupee depreciation on the current account balance of India, if the import demand condition is elastic? If personal disposable income rises, along with the rupee deprecation, will the current account balance improve or worsen?
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Related Book For 
International Finance: Theory And Policy
ISBN: 9781292065199
10th Edition
Authors: Krugman, Paul R.; Melitz, Marc J.; Obstfeld, Maurice
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