RBI's new rules, effective 10 April, cap open positions banks can hold in onshore currency market at $100 mn at end of each trading day. Change forces lenders to shrink their books.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
RBI decision to not reissue copper-nickel series of Re 1 and 50 paise coins brings the end of a long coinage history that started with 'phootie cowries'.
India must offer the rest of the world sizable amounts of safe, readily available, and convertible assets that could be used as collateral in financial markets.
Union minister Piyush Goyal and UAE's Thani bin Ahmed Al Zeyoudi conclude 1st session of India-UAE Joint Committee on Comprehensive Economic Partnership Agreement.
While Rajya Sabha MP Sushil Modi urged central government to discontinue ₹2000 notes, fellow BJP MP Nishikant Dubey defended demonetisation in Lower House.
New Delhi: The outsourcing industry, India’s largest white-collar employer, is a juggernaut that has all but stopped moving. The dollar revenue at the top...
By pairing Indian drone engineering with Japanese semiconductor expertise, the two firms aim to develop more advanced autonomous systems tailored to both defence & commercial use.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
COMMENTS