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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
Brexit may shave 10-20 bps off India FY17 GDP growth: Motilal  

28-06-2016| Source:CNBC-TV18

 high double digit return on equities, Sonthalia added. Meanwhile, Gautam Sinha Roy, VP, Motilal Oswal, believes due to the running US FDA and currency devaluation issues, the pharma sector has become quite

Full impact of Brexit will be known in 2-3 years: Ambit Cap  

28-06-2016| Source:CNBC-TV18

The key sensitivity areas to look at include whether China uses this opening to significantly devalue the RMB, according to Saurabh Mukherjea of Ambit Capital.

Number crunching: Older generation led UK to exit EU

25-06-2016| Source:Moneycontrol.com

In an unexpected result on Friday, Britain chose to leave the 28-member European Union setting off a chain of events such as pound devaluation, Prime Minister David Camerons resignation

Brexit impact to be more regional than global:Lakefield Partners  

14-06-2016| Source:CNBC-TV18

Even though there is unrest over Brexit, devaluation in Europe is getting better than the US, says Bruno Verstraete, Partner at Lakefield Partners.

China aims to cut steel glut, avoid race to devalue yuan: US

07-06-2016| Source:PTI

US Treasury Secretary Jacob Lew says China has agreed to try to slash excess output of steel and to avoid competitive devaluations of its currency in high-level talks in Beijing.Jacob Lew said today

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