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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
Flipkart devalued again, Morgan Stanley pegs it at $5.3 billion

28-02-2017| Source:Moneycontrol.com

.13, at the end of September 2016. The Bangalore-based company has faced series of markdowns in past one year. Minority stakeholder T. Rowe Price devalued the by 4 percent pegging it at USD 9.9 billion in January

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