RBI’s Early FCNR Closure Raises Policy Concerns
RBI’s Early FCNR Closure Raises Policy Concerns Why in the News ? The Reserve Bank of India (RBI) has decided to close the FCNR(B) deposit scheme earlier than originally planned.The […]
RBI Holds Repo Rate, Raises Growth Projection Optimistically
RBI Holds Repo Rate, Raises Growth Projection Optimistically Why in the News? The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25% while revising India’s real […]
Rupee Turns Undervalued Amid Global Economic And Oil Volatility
Rupee Turns Undervalued Amid Global Economic And Oil Volatility Why in the News ? The Indian rupee has depreciated sharply over the past 18 months, becoming undervalued according to the […]
FCNR(B) Deposits Strengthen India’s External Financial Stability Framework
FCNR(B) Deposits Strengthen India’s External Financial Stability Framework Why in the News ? The Reserve Bank of India (RBI) has revived the FCNR(B) concessional swap window to attract foreign currency […]
Urjit Patel Appointed IMF Executive Director
Why in the News? The government has appointed former Reserve Bank of India (RBI) Governor Urjit Patel as India’s next Executive Director (ED) at the International Monetary Fund (IMF) for […]