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Central bank digital currency -will digital currency replace cash in India

The Reserve Bank of India (RBI) on its Twitter handle announced the launch of CBDC, a sort of CBDC crypto for retail users from Thursday (December 1). Customers and merchants of four cities of Mumbai, New Delhi, Bengaluru, and Bhubaneswar, will be able to use the digital rupee (e₹), or e-rupee. State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank are the four banks that will control the launch of the E-Rupee in these four cities that I mentioned before.  Read More

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Great financial tip! How does the repo rate help control inflation? -2022

The Repo rate, also known as the overnight lending rate, is the rate at which central banks lend money to commercial banks in the event that they need to borrow funds to meet their reserve requirements. When the central bank increases the repo rate, it becomes more expensive for commercial banks to borrow money, which can help to reduce inflation. Read More