The latest RBI data shows that external commercial borrowings from March 2014 to March 2015 increased by 32 per cent to $ 181.9 billion. It has jumped by 21 per cent over 2013-14. This is 38 per cent of India’s […]
Starting with two per cent devaluation on 11th August which was yuan’s or renminbi’s, biggest one-day devaluation in 20 years, China followed a three days devaluation that knocked more than three per cent off its currency value. The value of […]