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reserve bank of india
12/12/2024
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By Ramon Tomey
How the digital rupee could redefine India’s financial future
Outgoing Reserve Bank of India (RBI) Gov. Shaktikanta Das emphasized the pivotal role of India’s home-grown central bank digital currency (CBDC), the digital rupee, in shaping the country’s financial future. The RBI under Das’ leadership launched pilot projects for the digital rupee, including retail and wholesale applications, with 16 participating banks and features like offline […]
04/06/2023
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By Ramon Tomey
BYE BYE GREENBACK: India to use RUPEES for international trading
India is now offering its own currency for use in international trading among nations experiencing a shortage of U.S. dollars. According to a report by the Gateway Pundit, the South Asian nation expressed readiness to trade in Indian rupees and has found several other nations willing to do so. The use of the rupee would definitely […]
05/10/2022
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By Kevin Hughes
Inflation expected to persist in India despite surprising rate hike by its central bank
India’s central bank raised its key policy rate for the first time since June 2018, a surprising move that led to an extensive selloff in bonds. But an economist expects the inflation to continue at least until the end of the year. Upasana Bhardwaj, senior economist at Kotak Mahindra Bank, said in an interview with […]
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