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Consider the following statements
1) In 1991 , an immediate measure to resolve balance of payments crisis, rupee was devalued against foreign currencies.
2) the determination of value of rupee in foreign exchange market was determined by the government , not by the market on the basis of demand and supply of foreign exchange
select the correct code
1 only
2 only
both 1 and 2
neither 1 nor 2
the market determine the exchange rate on the basis of demand and supply of foreign exchange
By: Akriti Gupta ProfileResourcesReport error
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