Multiple choice

Devaluation of rupee means

  1. Converting gold with the RBI into rupees;

  2. Converting Rupees with Gold;

  3. Lowering the value of Rupee in comparison of some foreign currency

  4. Making rupee dealer in comparison to a foreign currency
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Devaluation is the deliberate downward adjustment of a country's currency value relative to a foreign currency or standard.

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