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If one question has been closed by the moderators for some reasons like exact duplicate or out of topic etc then does it causes reputation loss?

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up vote 2 down vote accepted

Closure doesn't, and deletion doesn't immediately change the headline value displayed on the site, but it will if and when your reputation is recalculated.

This works both ways of course. If your post was down-voted you won't get the reputation back either.

I wouldn't ask for a recalculation too eagerly though, as these things tend to more or less balance out over the long run.

You can see an accurate value by checking the /reputation page on the relevant site.

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"and deletion doesn't immediately" - Depends where you are looking. /reputation will show right away. – jjnguy Oct 26 '10 at 17:49
If your question gave you negative reputation, you will actually gain that reputation back if the question is deleted and your reputation is recalculated. – HoLyVieR Oct 26 '10 at 17:51
@Jjnguy - good point - I'll update the answer. – ChrisF Oct 26 '10 at 17:55
@Hox - I should mention that as well. – ChrisF Oct 26 '10 at 17:57

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