Currency notes of ₹2,000 denomination were not printed in 2019-20 and the circulation of these notes have declined over the years, according to RBI annual report.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
FOMC Minutes – Welcomed Improvement In Financial Conditions With Many Market
According to the FOMC minutes, there has been a welcomed improvement in financial conditions with many market functioning indicators returning to pre-pandemic levels and “purchases were conducted at the minimum pace directed” as a result.
GOLD, CRUDE OIL PRICES FOCUSED ON US FISCAL STIMULUS TALKS
Looking ahead, US fiscal stimulus negotiations may be in focus as officials scramble to get a deal done before Congress departs for a recess at the end of the week. Democrats have put up a proposal costing $3.5 trillion while Republicans countered with a $1 trillion scheme.
Moody’s Downgrades India’s Sovereign Rating By One Notch
Moody’s Investors Service had the highest rating on India, having upgraded it in 2017. Fitch Ratings and Standard and Poor’s rate India one notch below Moody’s.
The Argument for Negative Interest Rates in the US has Strengthened, Goldman says — But the Fed Remains Opposed
The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks.
Negative Interest Rates From the US Federal Reserve Any Time Soon – Gold Silver Reports
While joining the chorus of policymakers and analysts, Goldman Sachs also rules out negative interest rates from the US Federal Reserve any time soon in its latest client note.
USD Retail Sales (MoM) Data 15-05-2020
The retail Sales released by the US Census Bureau measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes …