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Now that $10 billion in subscription is unlikely to come in October, masala bonds, or rupee debt sold overseas to global investors, could be the solution.
RBI allowing banks to charge users a ‘pre-agreed flat fee’ affects its intention of reducing retail cost of buying & selling foreign currencies.
On May 2018, India was placed on the list of countries with potentially questionable foreign exchange policies along with China, Germany, Japan, South Korea and Switzerland.
From being Asia’s worst performing currency, Indian rupee turned on its head weeks before 2019 elections and further appreciated after BJP’s victory.
Demonetisation caused a shrinkage in currency, but a growing GDP could require more currency in the system.
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The currency note was a prop, the ATM queues an exercise in behavioural psychology.
Almost any movement of labour to non-agricultural activity — like construction or serving tourists — will translate into productivity gain.
In the absence of reliable jobs data, all that was missing from the Congress' attack was clinching proof that his policies were growth-unfriendly.
Currency experts say the rupee is expected to breach the 70-to-a-dollar mark in the next six to eight months. Experts weigh in.