Currency depreciation Current Affairs, GK & News
What is Commodity Super Cycle?
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 ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs
Topics: China • Currency depreciation • industrialisation • Inflation • Trade Deficit • Urbanisation • US Dollars • USA • world war
Russia’s central bank increases interest rates
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 ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: Currency depreciation • Depreciation • Inflation • Interest Rates • Oil Prices • Russia • Ukraine • US sanctions
Cabinet approves Currency Swap Agreement with Japan
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 ..
Month: Current Affairs - January, 2019
Topics: Currency depreciation • Currency Swap Agreement • India • Japan • Narendra Modi • Shinzo abe • Yamanashi