Silver as an investment

Category Archives: Reserve Bank of India

India: “No Toilets, But We’ll Send Rockets Into Space”

Via Jayant Bhandari of Acting-Man.com, India’s Currency Ban – Part X It has now been four months since Narendra Modi declared about 86% of monetary value of currency illegal. Linked here is the last in my series of updates, which was written soon after the deadline to deposit the demonetized currency. Most of the banned […]

India Fears Run On Banks: Capital Controls And Withdrawal Limits To Continue

Submitted by Michael Shedlock via MishTalk.com, Indian banks are fearful of running out of cash as lines queue up to withdraw money. Bankers say they cannot cope with any sudden increase in demand, and warn against lifting cash withdrawal limits. A decision by New Delhi on November 8 to scrap all large-denomination banknotes overnight removed […]