Search Result for : Currency Market

Demonetisation: PM reaches out to people directly for views

PTI  As opposition escalated its attack over demonetisation, Prime Minister Narendra Modi today reached out to people directly for feedback by asking the public to convey their views to him via his App by answering a set of questions. He asked the public to participate in a survey on Narendra Modi App where 10 questions, with various options, have been posed with regard to scrapping of old Rs 500 and Rs 1000 currency notes."I want your first-hand view on the decision taken regarding currency notes. Take part in the survey on the NM App," he tweeted. The same was tweeted in Hindi too.The questions included "Do you have any suggestions/ideas or insights you would like to share with PM Narendra Modi." Some of ...

Yuan's SDR listing may boost investor sentiment towards emerging markets: Expert

As the Chinese renminbi (RMB) joins the league of global reserve currency along with the US dollar, British pound, euro and the Japanese yen, Jameel Ahmad, Chief Market Analyst at ForexTime- a Europe-based forex think tank- throws some light on its long- and short-term impact on the global currency markets. Interview by Himanhsu Vatsa | The Dollar Business Bureau During the quinquennial review of its SDR (Special Drawing Rights) basket, the International Monetary Fund (IMF) included Chinese yuan as fifth reserve currency. The change will come into force from October 1, 2016    The Dollar Business (TDB): The International Monetary Fund (IMF) has included Chinese yuan among the reserve currency basket? What will be its impact on global trade? J Ahmad: The ...