Economics · Indian Economy
What is meant by 'devaluation of currency'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Revaluation of the currency by the market forces
- 2Stabilization of the currency value
- 3Reduction in the value of the domestic currency in terms of foreign currencies✓
- 4Increase in the value of the domestic currency in terms of foreign currencies
Correct answer
Reduction in the value of the domestic currency in terms of foreign currencies
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