the RBI facilitates external trade and payments to and from India. Its purpose is to make sure that the money sent online to India doesn't come from and for illegal activities. Furthermore, it helps the RBI keep local currency markets
Credit growth is rebasing to more durable sources of funding, and the Indian rupee is turning out to be the most stable currency among emerging market peers. II. Weather Events and their Impact on Growth and Inflation in India By Saurabh Ghosh and Kaustubh This study aims at investigating the...
The Reserve Bank of India (RBI) does not have any statistics on the usage of the retail digital rupee (e-rupee) as per a Right to Information (RTI) response received by Srikanth Lakshmanan from the CashlessConsumer collective. The e-rupee is a Central Bank Digital Currency (CBDC)launchedin...
The Governor said, “the MPC unanimously decided to keep rates unchanged in this meeting with readiness to act if the situation so warrants. The MPC will not hesitate to act as needed in future meetings”. While keeping the interest rate intact, the Governor stressed that core inflation remains...
How does a central bank increase the money supply of its currency in the international currency market, without creating more local currency? Explain the mechanics of how Central Banks can influence the exchange rate. Does the U.S. Central Bank (the Federal Reserve) influence the exchange rate?
How does the presence of inflation impact the rate of use of currency? How does inflation affect economies? If RBI lowers the cash rate as a result of an inflation rate below 2-3%, identify and explain the impacts of inflation on: a. household saving b. level of investment c. level of...
The RBI isalso runningpilot experiments with using the Central Bank Digital Currency (CBDC) to provide credit to tenant farmers, who often struggle to access agricultural credit as they do not have the land title to submit to banks or lending institutions. ...
A decision support system for the reserve bank of India to forecast currency requirements at currency chests This paper presents a case-study of the logistics management of currency notes by the Reserve Bank of India (RBI), the country's central bank. RBI has the ... CS Kumar,TT Narendran...
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Functional currency The unaudited interim consolidated statements are presented in Sterling, which is also the Group's functional currency. Amounts are rounded to the nearest thousand, unless otherwise stated. 2. Segment information The Group evaluates segmental performance based on profit or loss from...