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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
See 36000 Sensex by Mar16; China joker in the pack: Ambit  

23-01-2015| Source:CNBC-TV18

Mukherjea sees the slowdown in China could triggering a devaluation of its currency yuan and even leading to it getting unhooked from the dollar peg

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