Tag Archive: rbi


The Recent Demonetization and its Aftereffects

The Modi Government on November 8, 2016 demonetized Rs.500 and Rs.1000 notes amounting to Rs.15.44 lakh crores which accounted for around 85 per cent of the cash in circulation. The last date for surrendering the demonetized notes to the banks in the normal course was December 30, 2016. The Government was probably hoping that around …

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India: Stuck in the Meadows

Not that I’m a true patriot, but I love my country a lot. May be it’s the mesmerizing Himalayas or the delicious Indian Punjabi food or even the entertaining (at times silly) Bollywood!! But now, after working for two months in the banking sector, I realized; there’s more to life, more to discover, and hence …

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The Depreciating Rupee

The newspapers are full of reports of the rapid depreciation of the Indian Rupee against the US Dollar in recent weeks. Government and RBI officials have also been saying that it is difficult for RBI to intervene in the market to shore up the value of the Rupee. Let’s look at some of the issues …

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