Indian Economy
Devaluation of a currency means

reduction in currency value due to wear and tear
reduction in external value/exchange value of currency by the government
all of the listed here
fall in exchange value of a country by market forces

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Indian Economy
Depreciation means

destruction of a plant in a fire accident
closure of a plant due to lock out
loss of equipment over time due to wear and tear
closure of a plant due to labour trouble

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