The Russian ruble has seen a significant drop in its value recently. To understand why, we need to look at the bigger picture of what’s happening in Russia’s economy. Let’s break this down step by step. 1. What Does Currency Depreciation Mean? Before diving into the reasons, let’s understand what it means when a currency…
Currency notes aren’t just means of transactions; they’re also witnesses to history. Among India’s various notes, the one rupee note stands out for its historical significance, rarity, and allure. Though its value may seem modest, its legacy and demand make it one of the most interesting items among collectors. Let’s dive into the story of…
![Indian Rupee Hits Record Low: A Historic Dip [2024]](https://ourwealthinsights.com/wp-content/uploads/2024/11/Indian-Rupee-Hits-Record-Low-Thumbnail-768x436.png)
In November’2024, the Indian Rupee has plummeted to a record low against the US Dollar. It marks a significant moment for India’s economy. On November 7, 2024, the rupee was valued at an unprecedented 84.29 against one dollar. It reflects a confluence of domestic and global economic situation prevailing around us. This depreciation is not…
![How Wealth Accelerates After Reaching One Crore [Compounding]](https://ourwealthinsights.com/wp-content/uploads/2024/09/How-Wealth-Accelerates-After-Reaching-One-Crore-Thumbnail-768x443.png)
Compounding is one of the most powerful forces in wealth creation, especially for long-term investors. It refers to the process of earning returns on both our initial investment and the accumulated returns over time. This creates a snowball effect, where our money begins to grow exponentially. While the early stages of compounding may seem slow,…
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…
