Statement (A) : Devaluation of currency is done for increasi

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Statement (A) : Devaluation of currency is done for increasing exports.

Reason (R) : Domestic items become cheaper in the foreign market.

Select the correct answer from the codes given below :

U.P. Lower Sub. (Pre) 2004

[External Sector - Trade, FDI, Debt]

(A) and (R) both are correct and (R) is the correct explanation of (A)

(A) and (R) both are correct, but (R) is not the correct explanation of (A)

(A) is true, but (R) is false

(A) is false, but (R) is true

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