Devaluation of the Rupee.

Devaluation of the Rupee
ORGANIZATION
It implies an official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency. Since its Independence in 1947, India has faced two major financial crises and two consequent devaluations of the rupee
RELATED TO.
Rajiv Gandhi

Rajiv Gandhi

PERSON
Bangladesh

Bangladesh

PLACE
FROM THE WEB.
An Indian woman (L) counts rupees after paying a fruit-seller at a local market in New Delhi on July 30, 2013. India's central bank kept its benchmark interest rates unchanged on July 30, ignoring demands for a cut as it seeks to defend the ailing rupee from a further devaluation.
Oust Congress to make India strong: Jayalalithaa (Lead, Changing dateline)

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