Q. ‘Devaluation’ means :

• (A) reduction in the value of a currency vis-a-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 pre-determined currencies
• (D) fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners