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What is the major aim of devaluation?
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Answer / hitesh malhotra
the major aim of devaluation to increase the foreigen
exchange basket , in 1991 when our foreigen exchange
reserves dip low the manmohan singh govt resotred to
devaluation of indian rupee in two parts.
| Is This Answer Correct ? | 18 Yes | 4 No |
Answer / karan kumar
devaluation is a deliberate reduction of currency in terms
of gold and foreign currency by goverment. the basic
objective behind this is to create employement and encourage
exports.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / sushmita
to boost the export and led to increase in foreign exchange
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / kilatu jw
To discourage importation, incourage exportation and
increase foreign reserve for the country.
| Is This Answer Correct ? | 5 Yes | 2 No |
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