What is rupee depreciation? It refers to when the rupee becomes less valuable concerning foreign currency ( In floating exchange rate) Nowadays we are seeing that the rupee is touching its newest low every day as its newest low is $1=₹79.80. The Indian rupee has been witnessing a steady decline this year, losing more thanContinue reading “Rupee Depreciation”
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Step toward making Indian Currency international
Last week, RBI announced a plan to make the rupee international. 𝙒𝙝𝙖𝙩 𝙙𝙤𝙚𝙨 𝙩𝙝𝙖𝙩 𝙢𝙚𝙖𝙣? It means from now onwards rupee will be used for international trade settlements. 𝙒𝙝𝙮 𝙍𝘽𝙄 𝙙𝙤𝙣’𝙩 𝙙𝙤 𝙩𝙝𝙞𝙨 𝙗𝙚𝙛𝙤𝙧𝙚? As we all know the major trading currency in the world is Dollar as it is the de-facto currency for trade.Continue reading “Step toward making Indian Currency international”
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