IndiaBIX

General Knowledge - Indian Economy - Discussion

Discussion Forum : Indian Economy - Indian Economy (Q.No. 6)
Indian Economy
6.

Devaluation of a currency means

reduction in the value of a currency vis-a-vis major internationally traded currencies
permitting the currency to seek its worth in the international market
fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
32 comments Page 4 of 4.
Div said:   1 decade ago
That means, fall in the purchasing power of a currency, for instance, in international market, when a doller was equal to rs. 50, and later a dollar equals to rs. 35, that signifies tht the value of rupee has devaluated.
Raj said:   1 decade ago
I didnt understand plz explain me?
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