The United Arab Emirates and India are in talks to use rupees to trade non-oil commodities, according to Reuters. For the first time in 48 years, Saudi Arabia said that the oil-rich nation is open to trading in currencies besides the U.S. dollar.Brazil...
Wages$5977 Indirect taxes$695 Net exports$-424 Rent$142 Net foreign factor income earned in the US$10 Gross private investment$1593 Government purchases$1973 Net interest$684 Depreciation$1393 Profit$1545 Gross Domestic Product: The gross domestic product is a m...
Ge recently signed a contract of 100 billion rupees (US $2 billion 200 million) with India's reliance power. The two sides will work together to build a 2400 megawatt power plant in the southern town of Samalkot, which will be operational in 2012. India Reliance Electric Power was founded...
India’s debt in rupees is 96% of total debt..and thus much different to Turkey and Argentina ( Daniel Lacalle) ii)all other emerging markets the rout across emerging markets continues unabated. The definition of contagion: “catching falling knives inside emerging markets:” ( zerohedge)9...