Currency depreciation Current Affairs, GK & News

Amendment of Foreign Trade Policy of India for Rupee Settlement

September 19, 2022

The Central Government has made changes to the Foreign Trade Policy of India to activate the RBI’s mechanism facilitating trade in the Indian Rupee. Key facts The recently amended Foreign Trade Policy of India allows international trade invoicing, payment and settlement in the Indian Rupee. It enables Indian importers to make payments in rupees via ..

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What is Commodity Super Cycle?

May 12, 2021

The prices of commodities from corn to crude oil to rubber, rhodium, copper, soy bean has been increasing since the beginning of 2021. This is referred to as Commodity Super Cycle. Commodity Super cycle Since the beginning of nineteenth century there has been four Commodity Super Cycle. The first Commodity Super cycle started in the ..

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Russia’s central bank increases interest rates

April 26, 2021

The Central Bank of Russia has increased the interest rate from 4.5% to 5%. Why did the Bank increase the interest rates? This is the second time the apex bank is increasing the interest rates due to elevated inflation pressure. According to the bank, the inflation in the country will be in the range of ..

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Cabinet approves Currency Swap Agreement with Japan

January 11, 2019

The Union Cabinet has approved India’s Currency Swap Agreement with Japan. The $75-billion bilateral currency swap arrangement is a milestone in mutual economic cooperation and special strategic and global partnership between two countries. Currency Swap Agreements A Currency swap agreement is a foreign exchange agreement between two parties to exchange a given amount of one currency for ..

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