Devaluation of a currency 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

Answer: Option A

Explanation:

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