Downgrade Current Affairs, GK & News

Impact of US Rating Downgrade on India: Some Reactions

Cost of borrowing for the US may go up by a few percentage points. But that would not really affect India. Dollar still remains dominant and potent currency in the world(Statement of Pratip Chaudhuri, SBI CHAIRMAN) I see the US downgrade, and indeed, the continued global slowdown, as signs of a structural shift of the ..