Just as a photon is both a particle and a wave, the dollar is both fulcrum of the foreign exchange market and a currency itself.  Both features were on display last week.  The dollar was firm against most of the world’s currencies, as the depth and breadth of the US debtRead More →

Foreign exchange rates tend to be on the higher side in Tier II and Tier III cities as compared to metropolitan areas. By Sudarshan Motwani Ever wondered why purchasing Saudi Riyal costs you more in Delhi than in Calicut? Or ever thought why are Canadian Dollars cheaper in Jalandhar thanRead More →

MUMBAI : The Reserve Bank of India (RBI) bought a net $6.93 billion in the foreign exchange market in November, marginally below the $7.1 billion it had purchased in the previous month, the monthly bulletin showed. The RBI bought $7.46 billion and sold $530 million in the market in November, it said inRead More →

Demand for hard currency, such as dollars or euros, is rising in Cuba. Efforts to end the nation’s dual currency system have prompted fear of instability, encouraging citizens to seek out potentially less volatile vehicles to store wealth in, weirdly enough, such as Bitcoin. The rising demand has made itRead More →

Currency market volatility has been a consistent problem in emerging markets. Year after year, currencies are devalued in an attempt to boost economic growth but only serve to worsen external debt problems. Last year was particularly bad as we saw major declines in the Turkish lira, Argentine peso, and theRead More →

A museum set up by the Reserve Bank of India seeks to demystify money matters for the layperson Even at the peak of the demonetisation frenzy in November 2016 — when the whole country was seen waiting in queues outside banks and ATMs — few people understood the impact ofRead More →