Question

How many times devaluation of indian rupee was done by govt?

Answer 1

This is an interesting question.

The first devaluation of rupee was done in 1966 in the USA. Three times devaluation of Indian rupee was done by govt. Devaluation was done in 1947 in India. Devaluation is basically the decrease in the country's outside currency while the internal value of currency remains constant.

Hope this will help you.

Answer 2

Devaluation of Indian Rupee: Reasons & History Since 1947 Devaluation of Indian Rupee taken place 3 times since 1947. At the time of independence, one can buy a dollar with one Indian rupee but today you have to spend 66 rupees to buy a dollar. Devaluation means reduction in the external value of the domestic currency.