Iran currency redenomination approved to remove four zeros from rial, simplify transactions, and address inflation. Key reforms, timeline, and global context explained. Iran Approves Currency Redenomination to Tackle Inflation 📰 Overview of the Reform On October 5, 2025, Iran’s parliament approved a significant monetary reform to remove four zeros from its national currency, the rial….
RBI Monetary Policy 2025 highlights include repo rate at 6.50%, GDP growth forecast raised to 7.0%, and inflation control focus. Perfect for UPSC, SSC, Banking & Railway exam prep. RBI Monetary Policy Statement 2025–26: Full Analysis RBI Keeps Repo Rate Unchanged at 6.50% In its first monetary policy review for FY 2025–26, the Reserve Bank…
Customs duty on edible oils reduced from 20% to 10% by the government to control inflation, support domestic refining, and lower consumer prices across India. Policy Change to Curb Edible Oil Prices On June 11, 2025, the Indian government announced a significant reduction in the Basic Customs Duty (BCD) on major crude edible oils—specifically crude…
RBI’s Record Forex Intervention in November 2024 Overview of RBI’s Record Forex Intervention in November 2024 In November 2024, the Reserve Bank of India (RBI) made headlines with its record-breaking foreign exchange (forex) intervention, marking a significant step in stabilizing India’s foreign exchange reserves. The central bank’s decision to intervene in the forex market became…
Sri Lanka’s Central Bank Eases Monetary Policy to Support Economic Recovery In a bid to support the country’s economic recovery, Sri Lanka’s Central Bank has decided to ease its monetary policy. The bank has reduced interest rates and adopted measures aimed at boosting economic activity, which has been significantly impacted by the economic crisis. These…
RBI Keeps Repo Rate Unchanged at 6.5% in August 2024 MPC Meeting Introduction to the RBI MPC Meeting The Reserve Bank of India (RBI) has announced its decision to maintain the repo rate at 6.5% during its Monetary Policy Committee (MPC) meeting held in August 2024. This announcement comes amidst a complex economic environment characterized…
RBI Monetary Policy Committee Meeting Highlights – December 2023 The recent Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting for December 2023 has garnered significant attention among aspirants preparing for various government exams, especially those targeting positions in the financial sector, such as banking, and other civil services. The meeting, conducted bi-monthly, serves…
