RBI

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Withdrawing Currency from circulation: Good, Bad, and Ugly.(RBI to withdraw 2000 Rs Note from circulation in India)

19 May 2023 1 minute read 0 comments Rajat G

Withdrawing Currency from circulation: Good, Bad, and Ugly.(RBI to withdraw 2000 Rs Note from circulation in India) After the famous demonetization in 2016 when the Government of India banned the currency note of denominations of the face value of 50...

Should RBI allow Margin and Forex Trading in the overseas market under Liberalized Remittance Scheme?

23 Feb 2021 8 minute read 0 comments bhaskarndas

As of writing this blog post, India’s forex reserve is around 583700 USD Million. This is a huge figure, and our country’s forex reserves have swelled up in the last 25 years. We are now close to 600000 USD Million figure. Now, there is a misconcepti...

Indian Banks Reluctant To Adopt Cryptography Industry, Although It Is RBI Consent

29 Jun 2020 2 minute read 1 comment PassionCryptodotcom

The Reserve Bank of India (RBI) reversal of the outright currency ban on Crypto March was a gift to the flourishing Indian Crypto-industry. The emergence of new exchange platforms in the country has stimulated the steady and healthy growth of the ind...

Cryptocurrency is no more ban in INDIA

5 Mar 2020 1 minute read 0 comments PSaurabh11

The Reserve Bank of India (RBI) had in April 2018 ordered financial institutions to break off all ties with individuals or businesses dealing in virtual currency such as Bitcoin within three months. The ban led to plummeting trade volumes and exchang...