General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 43)
43.
Devaluation of currency will be more beneficial if
Discussion:
22 comments Page 3 of 3.
Arun said:
1 decade ago
For example. If value of rupee is devaluated against dollar, then in the angle of american importers the price of goods will be increased. Right? I m not sure about my view. Some one help me out. How comes price of export remains constant?
Bharath said:
1 decade ago
Devaluation of currency is reducing the value of the currency compared to the other currencies in the international market. Now if you devalue the currency of a particular country which has a robust export system then it means you are exporting healthily thereby keeping the competitive edge over other countries exporting the same goods at their currency values. I hope this helped.
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