Recently Indian Rupee has depreciated significantly. this has led to distress for Indian importers.' Defend or refute the given statement with valid reasons.

Dear Student, This type of questions is for self creativeness and to be done on your own. But following points may help you. If the indian Rupees plunges to low of the Rupees this means that value of Indian Rupees is Depreciated against the US Dollar. So, it will have the impact on Imports of india from the US in the Following ways : Depreciation of Indian Rupees means more Rupees are requires to exchange for 1 US dollar or 1 US Dollar can buy more and more of Goods in exchange of rupees than before. As, Indians have to pay greater amount of money to trade with US dollar than before , this will decrease the Imports of goods and services from the US market to India. For ex. Before the depreciation of Rupees , Rs.60 = 1 US$ is used to buy 10 apples but now Rs74 is required to buy 10 apples as $1 = Rs 74 So , Indian Imports will Decrease. Regards.