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. Devaluation of a currency means
(a) Reduction in the value of a currency vis-à-vis major
internationally traded currencies
(b) Permitting the currency to seek its worth in the
international market
(c) Fixing the value of the currency in conjunction with the
movement in the value of a basket of predetermined currencies
(d) Fixing the value of a currency in multilateral
consultation with the IMF, the World Bank and major trading
partners
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(a) Reduction in the value of a currency vis-à-vis major
internationally traded currencies
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UPSC 
