The conversation between human and AI assistant.
What are the reasons behind depreciation of INR, and how can we stop its depreciation?
Have these measures been attempted before? If so, what was the result?
Yes, the government has attempted these measures before with mixed results. The promotion of exports and foreign investments have shown some positive effects in boosting the economy and stabilizing the currency. However, controlling inflation and limiting imports have proven to be more challenging and have not always yielded the desired result.