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Discover Latest #Devaluation News, Articles and Videos with Contenting
Devaluation is a deliberate downward adjustment of a currency's value relative to other currencies or commodities. It is typically used by countries to control the amount of money in circulation and the balance of payments deficits. It is also used to make it cheaper for domestic citizens to buy imported goods, thus increasing demand and stimulating the economy. When a currency is devalued, its value relative to other currencies decreases, meaning that the country's goods and services appear more attractive to foreign buyers. This can lead to an increase in exports, which can help to boost economic growth. On the other hand, devaluation also makes imported goods more expensive, which can lead to inflation and a decrease in purchasing power for domestic citizens.
Bharti Airtel Q3 Results Review - Robust Operating Performance Led By India Wireless Business: Yes securities
Bharti Airtel Ltd.'s reported broadly inline performance for the quarter. The sequential revenue growth was above expectation, while Ebitda margin was as per estimates. It reported sequential revenue growth of 2.3% QoQ, despite adverse impact from devaluation of Nigerian currency. India mobile subscriber base increased by 3.3 million QoQ to 345.6 million; while ARPU increased by 2.5% QoQ to Rs 208/month.
Apple Looks Most Oversold in Years After $200 Billion Selloff
(Bloomberg) -- Apple Inc. has struggled in 2024, and the recent weakness has the stock looking like it is the most oversold in years, analysts said.Most Read from BloombergChemical Linked to Cancer Found in Acne Creams Including Proactiv, ClearasilNikki Haley Ends 2024 Bid, Setting Up Trump-Biden RematchNew York to Deploy National Guard to NYC Subways to Fight CrimeStocks and Bonds Climb as Powell Sticks to Script: Markets WrapEgypt’s Devaluation and Record Rate Hike Put IMF Deal in ReachShares
Telecom Q4 Results Preview - Airtel, RJio’s Mobile Revenue To Grow >10% YoY Despite Nil Tariff Hike: ICICI Securities
Our Q4 FY24 estimates suggest a steady quarter for Bharti Airtel Ltd. India, aided by average revenue per user expansion of 8% YoY to Rs 208, and continued strong performance of its non-mobile segment. Slower QoQ ARPU rise is due to one lower day. Airtel Africa’s performance may be hindered by African currencies’ devaluation, but the underlying constant currency growth is likely to be healthy. Reliance Jio’s subs growth may be elevated with a possible 11 million net add;
‘Lifetime Opportunity’ for Solana? - Fintech News
A widely followed crypto analyst says that Ethereum (ETH) competitor Solana’s (SOL) nearly 45% devaluation from its 2024 high may end up being a “lifetime opportunity” for long-term bulls. Pseudonymous crypto trader Inmortal tells his 212,400 followers on the social media platform X that Solana looks poised to erase most of its losses in the last […]