Journey of Indian Currency
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The book gives ginormous information about the Indian currency. The book reveals that currency is in existence for the beginning of written history , but in different form like barter exchange, commodity exchange , metallic money, paper money and electronic money. There are different theories and definitions concerned with Indian money. In India, money is regulated by the Reserve bank of India.Reserve bank of India with the assistance of its monetary policy put control over the money supply and rise in general prices . In inflationary situations, interest rates , ratios are increased by Reserv...
The book gives ginormous information about the Indian currency. The book reveals that currency is in existence for the beginning of written history , but in different form like barter exchange, commodity exchange , metallic money, paper money and electronic money. There are different theories and definitions concerned with Indian money. In India, money is regulated by the Reserve bank of India.Reserve bank of India with the assistance of its monetary policy put control over the money supply and rise in general prices . In inflationary situations, interest rates , ratios are increased by Reserve bank of India to mitigate the money supply. the book also reveals that why inflation and deflation is arduous for Indian economy and how by having control over these situations with the help of monetary policy economic growth can be attained. Furthermore, book gives information regarding the money market , which is regulated by Reserve bank of India and Securities and Exchange Board of India.The book gives apprehension that money market is a short term highly liquid market , which is responsible to increase the investment activities in India and leads toward the growth of Indian economy.
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