Question

What do you understand by the devaluation of rupee?

Answer 1

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 (after devaluation) one US$ can be exchanged for more rupees..

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Answer 2

hey mate here is your answer....

Devaluation of rupee means a deliberate downward adjustment in the official exchange rate ofrupee relative to other currencies,Devaluation is different fromdepreciation which is a fall in the value of a currency in a floating exchange rate due to supply and demand side factors and not due to government decision.

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