Depreciation of Rupee: its Impact on Indian Economy (My Guest Lecture on "Devaluation of Rupee & Its Impact on Indian Economy" to M.B.A Students at Vaag Devi PG College, Hanamkonda on 9/11/2013) -Dr. S. Vijay Kumar In a fixed exchange rate regime the term ‘devaluation’ is used. It means a deliberate downward adjustment of a country's official exchange rate by its government i.e. central bank (RBI in India) relative to other currencies. Where as in floating or fluctuating exchange rate currency's value is allowed to fluctuate according to the foreign exchange market. In this, it is known as depreciation. There are two implication...