In the last one month, the rupee has depreciated by nearly 5 per cent against the dollar but this is unlikely to cause any challenge on the external sector front.
RBI could deploy some of the forex stockpile to steady the rupee, which has tumbled more than 2% over the past week as more coronavirus cases are detected.
Even a record $24 billion payout by the RBI failed to excite markets as foreign funds pulled $2.3 billion from shares in August, the biggest outflow since October.
In its annual report, the RBI said currency in circulation soared to Rs 21.10 lakh crore as of March 2019, with the Rs 500 bill accounting for over 51% of the value of currency.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
This is war. The real thing. Not what the childish anchors on the North Korean channels have been bleating about. Starting with the state of our public healthcare system, we will get a reality check about how well we have marshalled our strengths and resources to deal with challenges which no one can honestly say could not have been foreseen.
This is war. The real thing. Not what the childish anchors on the North Korean channels have been bleating about. Starting with the state of our public healthcare system, we will get a reality check about how well we have marshalled our strengths and resources to deal with challenges which no one can honestly say could not have been foreseen.