Economy, asked by harisunderrout472, 1 year ago

What do you understand by devaluation of rupee?

Answers

Answered by SingleBeans

5

Devaluation of Rupee refers to the fall in the value of rupee in terms of foreign currency. Specifically, it implies deliberate official lowering of the value of the country's currency with respect to the foreign currency. ... It means that now (afterdevaluation) one US$ can be exchanged for more rupees.

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