Indian Economy
Devaluation of currency will be more beneficial if

prices of exports remain constant
prices of domestic goods remain constant
prices of imports remains constant
prices of exports rise proportionately

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to lend more easily for industrial development
to reduce the freedom given to banks to rationalize their existing branch network
to setup more foreign exchange banks
to govern entry of new private sector banks to make the banking sector more competitive

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