Assume that China and India’s CAD remains unchanged for a prolonged period. If both countries devaluated their currencies against dollar—Chinese Yuan devaluated more compared to Indian Rupee—what will...

Assume that China and India’s CAD remains unchanged for a prolonged period. If both countries devaluated their currencies against dollar—Chinese Yuan devaluated more compared to Indian Rupee—what will be the likely impact of currency devaluation on the CAD in China and India?