Indian Economy
Fiscal deficit in the Union Budget means

net increase in Union Governments borrowings from the Reserve Bank of India
the sum of budgetary deficit and net increase in internal and external borrowings
the difference between current expenditure and current revenue
the sum of monetized deficit and budgetary deficit

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Indian Economy
Devaluation of a currency means

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

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