Dollar Current Affairs, GK & News

Latest updates on the GDP of India

The Indian Economy has slipped to the world’s 7th largest in the latest ranking released by the World Bank. With a size of USD 2.73 trillion, the Indian Economy has fallen behind the UK’s economy (currently at USD 2.82 trillion) and the French Economy (size of USD 2.78 trillion). What has happened? In earlier data ..

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Project Libra

Libra is the new cryptocurrency of the social media giant, Facebook. The digital currency Libra will be available to the users of Facebook services like Messenger, WhatsApp, and Instagram. The Libra transactions will be recorded on a blockchain which offers a tamper-proof ledger that runs across multiple computers. The blockchain technology forms the backbone of ..

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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 ..

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Rupee depreciates by 12 paise to 68.98 against US Dollar

The rupee is depreciated by 12 paise to 68.98 against the US dollar in early trade today on increased demand for the US currency from importers and rising crude prices. Yesterday, the rupee had appreciated by 10 paise to end at 68.86 against the US dollar following a robust response to RBI’s maiden rupee-dollar swap ..

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Zimbabwe introduces its new currency ‘RTGS dollar’

Zimbabwe has recently introduced its new currency, dubbed as Real Time Gross Settlement (RTGS) dollar, after the Reserve Bank of Zimbabwe (RBZ) announced measures to try and resolve a chronic monetary crisis. The new currency replaces electronic bank savings called digital dollars and the bond notes, and was named after the RTGS system that banks ..

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