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Home»Tag: demonetization

Tag Archives : demonetization

RBI keeps rates unchanged on demonetization, US Fed rate concerns
News

RBI keeps rates unchanged on demonetization, US Fed rate concerns

Saheli 10 Dec 2016 480 Views

The six-member monetary policy committee (MPC), headed by the Reserve Bank of India (RBI) governor Urjit Patel, on Wednesday unanimously decided to keep the policy rate unchanged at 6.25 per cent, considering the “heightened uncertainty” of volatility related to US rate hike and the local demonetization drive. RBI also withdrew ... Read More »

Economic and political risks of India’s demonetization

Saheli 10 Dec 2016 498 Views

CANBERRA – On Nov. 8, Prime Minister Narendra Modi announced that 500- and 1,000-rupee notes (1,000 rupees is about $15) were no longer legal tender; people were given 50 days to deposit them in bank accounts or exchange them for new notes at banks and post offices — when only ... Read More »

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