Newsblare

Commodities & Currency

India’s Demonetization Efforts: Half of ₹2000 Notes Returned to Banks in Just 30 Days

The Reserve Bank of India (RBI) said on Thursday that half of India’s ₹2000 bank notes are now in banks. In contrast to the demonetisation of 500 and 1,000 notes earlier, these banknotes remain legal tender until September 30, even though they were removed by the RBI on May 19. As of March 31, there

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Commodities & Currency

RBI Massive Increase in Gold Holdings over 17% to a whopping ₹2,30,734 crore

Gold imports may have fallen due to higher prices, however a look at the Reserve Bank- RBI of India’s annual report indicates that their gold holdings had risen in the financial year ending 31 March 2023. Imports dropped 24.2% to 35 tonnes, while their total holdings were 794.63 metric tonnes compared to 760.42 metric tonnes

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Commodities & Currency

The Struggle of Spending the ₹2000 Notes in India: Why It’s Not Easy

LocalCircles surveyed people who said they find it difficult to spend the biggest denomination of cash, despite many reports that petrol pumps, jewellery stores, and even e-commerce delivery people are being flooded with 2000 notes. According to the central bank of India, this note will cease to be circulated, but it will remain legal tender

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Commodities & Currency

How the ₹2000 Notes Withdrawal is Boosting Gold Sales and Real Estate Investments

Experts say that the central bank’s move to withdrawal ₹2000 notes from circulation will benefit banks by encouraging deposit growth and improving liquidity in the system. Earlier on Friday, the Reserve Bank of India announced it would withdrawal or remove ₹2000 bank notes from circulation and offered people four months to exchange or deposit them.

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Commodities & Currency

All you need to know about the ₹2000 note withdrawal: How to exchange them and what to expect

Last week, the Reserve Bank of India (RBI) announced that it would withdraw ₹2000 notes from circulation. Apart from the 2016 demonetisation, the RBI has provided ample time for citizens to exchange their notes. Social media platforms and messaging applications are generating a lot of misinformation about the withdrawal of the notes. In this article,

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Commodities & Currency

Three Factors That Influence the Price of Gold in India

In Indian culture, one of the most revered and sought-after metals has, and remains, gold. Whether it is a festival, a wedding, or even a birth, no event in India is said to be complete without the use of gold. Given its ever-increasing value, most Indians also tend to view gold as a long-term investment,

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Commodities & Currency

Buying Silver Bars: 5 Tips for Ensuring a Savvy Purchase

Are you thinking about buying silver bars? The beauty of silver, though, is that it’s often presented in an equally beautiful form — like the silver bars many investors like to buy and stack in their safety deposit boxes. Silver bars are one of the best ways to grow your investment substantially. Though gold is

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Commodities & Currency

9 Forex Trading Tips to Help You Profit in the UAE

Any trader worth their salt knows that to be successful in the forex market, they need to have solid trading tips or strategies. Foreign exchange trading is a popular way to invest and grow your money, but with so many factors to consider – from global economic conditions to political instability – how can you

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Commodities & Currency

Rupee at risk from dollar gains, Experts predict it could slip to 82 as Dollar strengthens

Rupee tumbles to 78.95 today from 74.51 on January 1, 2022 Continuous FII outflows, rising dollar index, rising interest rates and inflation are major concerns. Sliding the rupee lower is a concern. Analysts predict that the rupee could fall as low as 82 in the coming time. India’s currency, the rupee, has been extremely volatile

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Commodities & Currency

Ban on Gold from Russia will Impact the Indian Commodity Markets

London plays a central role in the international Gold Trade. Japan and CME group are other major trading centres for Gold trading. Four G7 powers (UK, US, Japan & Canada) ban on Russian Gold exports will impact the global commodity market, said Mr. Narinder Wadhwa, National President, Commodity Participant Association of India (CPAI). Gold is a

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