The world’s second highest reserve currency after US Dollar, Euro has depreciated nearly 10% in last 4 months from its highest level (1.4487 USD per euro on August 29 which means 1.4487 USD needed to buy one euro) of this year and touched the lowest level of 1.2993 USD per euro on 14th December. The […]Continue Reading... No Comments.
Indian Rupee has depreciated nearly 18% in last 4 months and touched the record low level of 53.50 INR per USD amid the current crisis time which has made Indian Currency as the worst performer among all the emerging economies. The Indian Rupee exchange rate against USD is shown in the below graph. The economists […]Continue Reading... No Comments.
Forex reserves denote all the foreign currency deposits and foreign currency assets held by the central bank of any country. The form of reserves can be any of the followings Foreign currency in cash form Foreign currency assets, which denote all the assets held in different foreign currencies. Gold Special Drawing Rights, which are the […]Continue Reading... No Comments.
Every time we have read the importance of normal Monsoon rains on Indian economy and even the Government is depending on the monsoon rains to achieve the estimated fiscal deficit and GDP growth target every year. Now we will check the reason behind it and try to explain the importance of normal monsoon rain on […]Continue Reading... No Comments.