What was the result of the devaluation of Indian currency vis a vis foreign currencies in 1991?

It led to an increase in exports. It led to an increase in the inflow of foreign exchange. It led to an increase in exports as well as imports. Both 1 and 2

Both 1 and 2

In 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was devalued against foreign currencies. This led to an increase in the inflow of foreign exchange. Devaluation results in increase in exports and decrease in imports.