YOU ARE HERE > Moneycontrol > Currency > Glossary

Currency

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Devaluation

The depreciation of the national currency, or in other words, the rate decline in relation to foreign currencies and gold. For example, in Britain in September 1992 raising interest rates in the situation of stagnation in the economy were the reason for the devaluation of the pound. On September 16 the pound lost 2.7% against the Mark and by the evening was traded in New York at 2.703.

News On Devaluation
China's defends devaluation, sees 'limited' impact

29-08-2015| Source:Reuters

State news agency Xinhua quoted an unnamed Commerce Ministry spokesman as saying the devaluation will have "limited impact" on the country's foreign trade.

Devaluation of Chinese currency may hurt domestic ind: DIPP

28-08-2015| Source:PTI

The devaluation of the Chinese currency is expected to hurt the domestic industry as it will make Indian exports expensive in the global market, a monthly newsletter of the DIPP said. "The impact

Don't blame yuan devaluation for global mkt rout: Official

27-08-2015| Source:Reuters

China's devaluation of its yuan currency should not be made a scapegoat for the recent global stock market rout, a senior Chinese central bank official told agency on Thursday.Instead, Yao Yudong

EURINR likely to trade on positive note: Sushil Finance

27-08-2015| Source:Moneycontrol.com

According to Sushil Finance, EURINR is likely to trade on the positive note on the back of Yuan devaluation and FIIs sell off in Indian stock markets.

Mkts realise world will grow at much slower pace: Jaipuria  

27-08-2015| Source:CNBC-TV18

There is a realization that world will grow at a much slower pace and markets are adjusting to that. Yuan devaluation led to that realization since China has been the world's growth engine, said

FAQs:
Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.