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30 points again,,,,
content quality required,,,❤
answer fast ,, please,,,
see the attachment
❌❌❌don't spam❌❌❌
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here Ur answer is.....
About 15 years ago in 1991 India had to experience a severe balance of payments crisis.
A default on payments, which would have a disastrous consequent for the Indian economy, had become for the first time in our history a serious possibility in June 1991. It was at this time that new Congress Government with Dr. Manmohan Singh as our Finance Minister took several short-term and long-term measures to overcome the balance of payments crisis.
Some notes are here which determines the value of currency:-
(1) National income at home and abroad,
(2) Exchange rate of national currency,
(3) The domestic prices of goods and factors,
(4) International oil and commodity prices and
(5) Demand for and supply of foreign currency.
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