They feel that every devaluation helps increase exports. And in a foreign exchange starved nation, export is a top priority. So they keep devaluing rupee. However, they forget that they are setting off a vicious cycle . Because of Indian inflation, exporters want devaluation.
Devaluation causes inflation.
So they want more devaluation. And the cycle goes on and on. In the process, the Indian public suffers more and more. And when the sufferring goes beyond limits, they protest. When all prices increase - industrialists and traders increase the prices of their products.