What do you understand by devaluation of rupee? | Learn NCERT solution | Education portal Class 11 Indian Economic Development | Study online Unit-3 Liberalisation, Privatisation and Globalisation



Q.5:- What do you understand by devaluation of rupee?

 

Answer:-



Devaluation of Rupee refers to the fall in the value of rupee in terms of foreign currency. This means that value of rupee has fallen and the value of foreign currency has risen.