India Pesticides Limited (IPL) was established in 1984 and became public limited company in 1993. IPL is engaged in the manufacturing of various types of pesticides (technical & formulations) and pharmaceutical intermediates. Pesticides contribute about 92% of total sales, while pharmaceutical intermediates contribute about 8% to total sales of the company in FY20. IPL is globally operating agro-chemical manufactures in India and among the fastest growing agro-chemical companies in India. This is a sole Indian manufacturer and among top five manufacturers globally for several Technicals, such as, Folpet, Thiocarbamate Herbicide etc and manufacturer & exporters of agrochemicals, bulk drugs and intermediates. Its Technicals are majorly exported to 20+ countries including Australia, Asia, Africa, and European countries, contributed 62% of technical segment revenues in Fiscal 2020. Currently, the firm has two manufacturing plants UPSIDC Industrial Area at Dewa Road, Lucknow...

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At present, the value of India's currency "rupee" is continuously falling and its value has  declined by 8% between January - June 2018.  Among the BRICS nations; after the Russian Ruble, the Indian rupee depreciated the most in this period. Now the exchange rate between the dollar and rupee is hovering around Rs.69= 1 dollar. Devaluation Meaning:  When the external value of the domestic currency depreciates while the internal value remains the same, such situation is known as the devaluation of the domestic currency. The basic difference between the devaluation and depreciation is that, the  devaluation is done by the government of the country deliberately while the depreciation take place because of market forces i.e. demand and supply. At the time of independence; India adopted the Par Value System of International Monetary Fund (IMF). On the  August 15, 1947 ; the exchange rate between the  Indian rupee and US dollar was 1USD = 1 INR. Wh...