Depreciation Current Affairs, GK & News
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
India’s External Debt Eases
India’s external debt has witnessed a decline of 1.6% to US$ 521.2 billion at end-December 2018 over its level at end-March 2018, on account of the decrease in commercial borrowings and trade credit. Further: There had been a valuation gain in external debt as at end December 2018 due to the depreciation of the US dollar vis-a-vis the ..
Month: Current Affairs - April, 2019
Category: Economy & Banking Current Affairs
Topics: commercial borrowings • Depreciation • Dollar • Euro • external debt • long-term debt • NRI deposits • Pound sterling • SDR • short term trade credit • trade credit • yen
Implications of Falling Rupee
The Rupee was on its lowest point in 2 years after September 2009. The sustained fall is not only bad news for importers but is also fuelling inflation, pushing up prices of fuel and other commodities. The Falling Rupee is also negative factor for foreign institutional investors by reducing their effective returns. Re fall adds ..
Month: Current Affairs - November, 2011
Topics: Currency • Depreciation • Economy • Finance • Indian rupee • Inflation • Pakistani rupee • Rupee