General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 6)
6.
Devaluation of a currency means
Discussion:
32 comments Page 2 of 4.
Rukmini said:
1 decade ago
Devaluation of currency means reduction in the value of currency.
Ex. If we are sending Rs.45 for 1$ but now 1$=Rs50, It means we have send more.
It shows value of Rupee is weak as compared with dollar.
Ex. If we are sending Rs.45 for 1$ but now 1$=Rs50, It means we have send more.
It shows value of Rupee is weak as compared with dollar.
Tejaswi said:
1 decade ago
There are two scenarios a) devaluation b) depreciation.
If value of currency was reduced due to market forces i.e. demand and supply its depreciation of currency.
But when the government or other legal authority reduces the value of their currency its called devaluation.
If value of currency was reduced due to market forces i.e. demand and supply its depreciation of currency.
But when the government or other legal authority reduces the value of their currency its called devaluation.
Aman yadav said:
1 decade ago
Sir please tell me what is the effect on export and import of the depreciation or devaluation?
BHAT said:
1 decade ago
In reality devaluation refers when domestic currency of a country reduces or is been reduced in relation to other currency.
Sri Ram said:
1 decade ago
Yes of course it is devalued with respect to other currencies particularly dollar or euro or pound.
Rubina said:
1 decade ago
Can anybody explain me, What is the difference between devaluation, deflation and depreciation?
Shashank said:
1 decade ago
How does the value of money gets devaluated?
What are the drawbacks if we do not devaluate money?
What are the drawbacks if we do not devaluate money?
Prasad said:
1 decade ago
Can anyone explain? Who has decided the currency rate of one country with respect to other country, and How it has been decided ?
Why can't 1 Rupee = 1$ ?
Why can't 1 Rupee = 1$ ?
(1)
Amit said:
1 decade ago
In international market for exchange of any goods and services the standard currency is dollar.
So if India want to buy something then he must need dollar and american give them dollar 1 dollar and take 50 rupee because demand of dollar is more than its supply. The rate change is changed continuously because of growth rate.
So if India want to buy something then he must need dollar and american give them dollar 1 dollar and take 50 rupee because demand of dollar is more than its supply. The rate change is changed continuously because of growth rate.
Srik said:
1 decade ago
Devaluation is different the depreciation/appreciation of currency, so the option is wrong to me.
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