Practicing Success
"Decrease in value of domestic currency in terms of foreign currency by RBI" What does the above statement indicate? |
Devaluation of foreign currency Appreciation of domestic currency Devaluation of domestic currency Depreciation of domestic currency |
Devaluation of domestic currency |
Decrease in value of domestic currency in terms of foreign currency by RBI is devaluation of domestic currency. Had the decrease happened due to market forces of demand and supply, it would have been termed as depreciation. |