Meaning of a paragraph related to economics
This means that interest rates rose in India at the same time that they stayed relatively low in other areas of the world. The fact that investors could get a higher yield in India led to an increase in demand for their currency (if I can get a 5% yield on Indian bonds, why would I get a 2% yield on US bonds?) This led to an increase in demand for their currency so that investors could buy Indian bonds/Invest in India at higher yields. The appreciation of the rupee (increase in value) led to India’s goods costing more (it took more dollars to buy Indian goods for example due to the currencies rise in value). This led to fewer goods being demanded (higher prices decrease demand). So Indias exports declined.