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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
India doesn't need a weaker rupee to boost exports: CLSA  

16-09-2016| Source:CNBC-TV18

India does not need a devaluation of rupee for now, says Rajeev Malik, senior economist at CLSA. At this point currency devaluation could be a costly affair. It may spook investors and may impact

Why Nomura Fin thinks talk about a weaker rupee makes no sense  

16-09-2016| Source:CNBC-TV18

Sonal Varma of Nomura Financial Advisory spoke to CNBC-TV18 on the buzz surrounding a rupee devaluation to help exports. Yesterday, a news report suggested the commerce ministry was pressing hard

Rupee is likely to trade sideways to lower: Angel Broking

16-09-2016| Source:Moneycontrol.com

According to Angel Broking, Rupee is likely to trade sideways to lower as markets indulge in speculation of INR devaluation, despite the Finance ministry denying of undertaking any such move

Trade deficit narrows as import slide outpaces soft exports

16-09-2016| Source:Reuters

India's trade deficit narrowed slightly in August, data showed, a move that will strengthen the government's case for rejecting exporters' calls for a competitive boost through a rupee devaluation

Rupee value of more than 70 will help exports: FIEO  

15-09-2016| Source:CNBC-TV18

devaluing the Indian rupee.

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