Devaluation of a currency is expected to lead to all but not one of the following ........

Indian Economy (Easy) External Sector

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Devaluation of a currency is expected to lead to all but not one of the following:

Boost exports

Raise domestic prices if there is heavy dependence on imports

Improve balance of payments

Reduce the domestic price level

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Explanation:

Devaluation is the deliberate downward adjustment of the value of a country's money relative to another currency, group of currencies, or currency standard. Countries that have a fixed exchange rate or semi-fixed exchange rate use this monetary policy tool.