@Brooklyn said:People in gonna start a blog for eco and finc ur take on it?? What topics to take up ??? from basic to start with
@wheresthebell said:guysfor economics..are we supposed to know and revise equations and graphs also ?? anyone from eco background here? ??
any queries on accounts welcome.. a chartered accountant inter grad here... but in return teach me some quants questions that come in p.i..
People in gonna start a blog for eco and finc 😃 ur take on it?? What topics to take up ??? from basic to start with
@abhibansal123 said:Hey, could you please explain me the reason why our rupee depreciated in 2012? Technical suggestions are welcome.
@VijayRawat said:You are perfectly correct in your assumption. RBI or for that matter, any central bank, in normal circumstances, sells its forex reserves when local currency is going down.Reason- By selling the foreign reserves in exchange of local currency, it is creating "demand" for its currency and in this way the country's central bank tries to uplift the position of their currency.Although, using this method too frequently is not an ideal way as this might lead to the deterioration of country's goodwill in the eyes of FIIs.
@wheresthebell said:@VijayRawat One thing i find difficulty understanding even thought m a student of economics is why the RBI sells forex if rupee prices are going down.. If i am wrong in this assumption itself..do correct me and pls explain the reason