General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 6)
6.
Devaluation of a currency means
Discussion:
32 comments Page 3 of 4.
Dadu said:
1 decade ago
How many times our currency devaluated?
Mukul arora said:
1 decade ago
What will be advantage to any country for depreciate its currency value?
DEVI SARAN said:
1 decade ago
Friends there is a huge difference between devaluation, depreciation and deflation.
(1)
Soumya said:
1 decade ago
How one country devaluate its currency? And does devaluation of currency is an effect of inflation?
Divyesh patel said:
1 decade ago
When we have to take the money for our country to other country at a time they will evaluate our currency that is create a big problem for our country.
Ishu said:
1 decade ago
Sometimes inflation is also caused.
Ehsan said:
1 decade ago
@Div - The example you explained, the purchasing power of rupee has appreciated.
Simple, you were buying a dollar for Rs.50. Now you are buying the same dollar for Rs.35. Now paying Rs.15 less for same dollar. It is the dollar which has actually depreciated vis-a-vis rupee.
Simple, you were buying a dollar for Rs.50. Now you are buying the same dollar for Rs.35. Now paying Rs.15 less for same dollar. It is the dollar which has actually depreciated vis-a-vis rupee.
Pri said:
1 decade ago
@Pri.
Why dollar is more valued one, when comparing to Indian money.
Dollar is also one of the currency value why it is more valid. And why it is standardized currency?
Please tell me answer.
Why dollar is more valued one, when comparing to Indian money.
Dollar is also one of the currency value why it is more valid. And why it is standardized currency?
Please tell me answer.
(1)
Subrat said:
9 years ago
What is meant by IMF?
Sunil prusty said:
9 years ago
It means the purchasing power of money in the international market is lower than there currencies value.
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