Rupee Reality
For decades, India has treated the rupee less as an economic instrument and more as a symbol of national prestige.
For decades, India has treated the rupee less as an economic instrument and more as a symbol of national prestige.
When a central bank moves to shut down parts of a $100-billion-plus daily market, it is not merely regulating ~ it is signaling distress.
The Reserve Bank of India’s latest policy decision marks a subtle but important shift in the country’s economic management.
It may be recalled that the Enforcement Directorate (ED) registered a fresh case against RCom for an alleged Rs 2,929 crore loan fraud with the State Bank of India (SBI).
The Reserve Bank of India (RBI) is expected to cut the repo rate by 100 basis points -- from 6 per cent to 5 per cent -- by the end of 2025, according to a Nomura report.
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.
"According to the data received from the banks, the total value of Rs 2,000 bank notes received back from circulation after the announcement on May 19 is Rs 2.72 lakh crore up to June 30, 2023," it said.
The Central Bank of Sri Lanka said that the country's economy plagued by the worst-ever crisis since independence that has plagued the island nation since early 2022, is expected to recover gradually from the second half of this year.
According to Russia's central bank, crude oil exports accounted for Euro113 billion in 2021, on top of the Euro70 billion earned from refined products, such as gasoline and diesel.
