Today, we’re discussing a significant move by the Reserve Bank of India – the transfer of 100 tonnes of gold from the Bank of England back to India. This marks one of the largest movements of gold by India since 1991. Why did this happen, and what does it signify for the country’s financial strategy?…
Recently we’ve heard the news on RBI‘s announcement of a record dividend payout of INR 2.1 trillion to the Government of India (GOI) for the fiscal year 2023-24. This unprecedented transfer, promises a substantial boost to the government’s fiscal position. Related to this news, allow me to share with you a few interesting data I…
The purpose of this blog is to explain the basics of RBI’s CBDC. It is an RBI-issued alternative form of Indian currency. Presently, the Indian Rupee is available in two forms, physical cash and digital money in bank accounts. CBDC will also be a digitized and more cryptographed form of digital money. It will be…
When we buy/sell stocks, this trade happens in a financial market. People trading in forex, derivatives, commodities etc do so in a financial market. Even our banks, insurance companies, mutual funds, pension trusts etc are a participant of financial market. In simple term, we can say that a “financial market” is a phrase used to…
