RBI एक गैर-लाभकारी संस्था है, फिर उसने 2.3 लाख करोड़ का मुनाफ़ा कैसे कमाया?
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May 06 Derivatives are contracts that get their value from an underlying asset – equities, bonds, commodities, and currencies, among many. In layman terms, if the cost of raw material of a particular product increase, the price of that product will also rise. The same principle applies to derivatives. What are Currency Derivatives? Currency Derivatives are exchange-traded contracts deriving their value from their underlying asset, i.e., the currency. The investor buys or sells specific units of fixed currency on a...
April 02 The Indian rupee has been the legal tender in the Gulf countries, including Kuwait, Bahrain, Qatar and UAE, till the early 1970s. In 1959, the Centre allowed the RBI to issue special notes only for the Gulf region. The currency had the same value as the Indian rupee and was known as the Gulf rupee or external rupee. Indians could also take the Indian rupee notes when they went on the Haj pilgrimage and exchange them freely for Saudi riyals. Later, the Centre introduced special notes for the pilgrimage with the word "HAJ"...
February 15 The Emerging Markets (EM) Index is a significant benchmark used to track the performance of local-currency-denominated Sovereign Bonds issued by emerging market countries. The EM Index is designed to provide investors with a representative measure of the fixed-income market within emerging market economies. It includes government bonds issued by various emerging market countries, and its composition may change over time based on eligibility criteria. One of the widely followed indices for emerging markets is the MSCI Emerging...
July 03 What is the SDR? The SDR is an international reserve asset. The SDR itself is not a currency but an asset that holders can exchange for currency when needed. The SDR serves as the unit of account of the IMF and other international organizations. Special Drawing Rights (SDR) was created by the International Monetary Fund in 1969. The SDR serves as the unit of account of the IMF.Though it is not a real currency, it is just a unit of account. What is the purpose of the SDR? The IMF created the SDR as a...
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