We wrote earlier this month that the cost of Demonetization was Rs. 34,000 cr. after a much lower dividend from the RBI. We even written in November 2016 that ...
The RBI will pay Rs. 306.59 billion (Rs. 30,659 cr.) to the government as a “surplus”. Versus Rs. 65,000 cr. in the previous years. Oh my goodness, ...
RBI has removed withdrawal limits on current accounts and overdrafts, and all ATM limits it had placed. Notification: Limits placed vide the circulars cited ...
Foreign Investors loved Indian government debt for a long time. But recently, that love has gone away. After Trump and Demonetization they have sold over Rs. ...
RBI hasn’t cut rates at all. We were wrong. In the policy statement, the RBI has kept rates the same at 6.25% (Repo). The reverse repo rate is 5.75%. The ...
Sick of OTPs? RBI has a new notification. You can say NO to the One Time Passwords that you need to key in every time you do an online transaction, but only ...
The RBI has decided to go ballistic on liquidity. There’s just too much cash in the system. People deposit money and there are withdrawal limits, so cash ...
