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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
The bogey of exits haunts Infosys but has Sikka's currency devalued?

19-06-2017| Source:Moneycontrol.com

Old promoters of the company are at loggerheads with the management on the issue of compensation, among other things. Though the attrition in the lower and middle level software engineers has, to a large extent, been managed, senior management continues to leave the company.

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