Answer
$\dfrac{x^{9}}{8y^{3}}$
Work Step by Step
Using laws of exponents, the given expression simplifies to
\begin{align*}
&
\left( \dfrac{2x^{-3}}{y^{-1}} \right)^{-3}
\\\\&=
\dfrac{2^{-3}x^{-3(-3)}}{y^{-1(-3)}}
\\\\&=
\dfrac{2^{-3}x^{9}}{y^{3}}
\\\\&=
\dfrac{x^{9}}{2^{3}y^{3}}
\\\\&=
\dfrac{x^{9}}{8y^{3}}
.\end{align*}