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Devaluation of rupee means:
Fall in the weight of coin
Fall in the domestic purchasing power of rupee
Fall in the external purchasing power of rupee
Fall in the face value of rupee
Devaluation means reduction in the value of currency with respect to goods, services or other monetary units with which that currency can be changed. For example suppose the exchange rate between rupee and dollar is Rs 50 = 1$. If this exchange rate is fixed Rs 55 = 1$then it is called the devaluation of rupee.
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