Balancing Act
As the global economy continues to navigate uncertain waters, India finds itself at a crucial juncture, with its central bank steering the ship through turbulent seas.
As the global economy continues to navigate uncertain waters, India finds itself at a crucial juncture, with its central bank steering the ship through turbulent seas.
The facility for the exchange of the Rs 2000 banknotes has been available at the 19 issue offices of the RBI since May 19, 2023.
From the last two MPCs, the RBI has taken a pause over the interest rate after a prolonged hike of 250 bps since May 2022.
Yemen's government has praised Saudi Arabia for providing "generous support" with a $1.2-billion aid package aimed at bolstering the Yemeni economy.
Amid speculations at emergence of bank notes having a star (*) symbol in the number panel, the Reserve Bank of India (RBI) on Thursday clarified that these are the same as any other legal tender, with the only difference being that in the number panel, a star symbol is added between the prefix and the serial number.
The bank's monetary policy aims to take into account the need for a structural transformation of the economy and will ensure a return of inflation to target in 2024.
Ukrainian Prime Minister Denys Shmyhal said his country is willing to seize Russian assets to finance Kiev's post-war recovery
Sri Lanka has for days been facing public protests calling for immediate measures to be taken by the government to solve the economic
The daily average trading of foreign currencies and foreign exchange derivatives, made by foreign exchange banks, came in at $58.3 billion in 2021
The rich can borrow cheaply because they have collateral,whereas the poor pay much higher interest rates because of higher credit risks
