RBI has introduced the Central Bank Digital Currency Or e rupee on October 7, 2022, which will work as the digital equivalent of a banknote and can be transferred electronically within a fraction of a second from one holder to another. It is the same as cash that can be kept in a wallet on
The Indian rupee has turned into a super senior citizen last month when it crossed the 80-level mark recently. Most people have their remarks about the recent fall – for some, this depreciation of the rupee against the dollar is good, whereas others also believe that the fall is too steep. If you look at
You may learn about so many banks and the central bank that controls all the activities of these banks. But is it all that a central bank does? Doesn’t it have any other function? If you are coming across these questions, please visit the blog below to find all your answer. What Is a Central
The Indian government is working with the central bank on a possible one-time restructuring of loans due to the impact of the COVID-19 pandemic on businesses, finance minister Nirmala Sitharaman said on Friday. “The focus is on restructuring. The finance ministry is actively engaged with the RBI (Reserve Bank of India) on this. In principle, the idea
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