Digital currency: India's tryst with digital inclusion
Since April 2001 foreign exchange reserves grew 11.15 times to $476.09 billion in mid-February; the RBI may add $21 billion more by March 2021, according to a BofA Securities report.
Without undermining the importance of a stable government with sustained focus on development and growth, one should take cognisance of the present economic scenario which requires urgent attention.
The fall in the deal activity is attributed to the recent uncertainty around trade and Brexit, exchange rate volatility and rising crude oil prices.
The government is the first to blink after a war of words between the finance ministry and the RBI hit stocks, currency, money and bond markets.
Despite a rate hike being priced in by the markets, the RBI’s MPC kept the repo rate unchanged at 6.5% in October.
The rapid devaluation in the currency is the remedy that countries use to resolve various imbalances in the economy.
The senior BJP leader returns amidst growing macro concerns of a weak rupee and rising crude oil prices
The new note will feature the motif of the ‘Rani-Ki-Vav’ (The Queen’s Stepwell), a UNESCO world heritage site in Gujarat.
Kotak’s Sanjeev Prasad questions the optimism of India’s currency and equity markets even as the overall health of the economy is deteriorating.