Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark

Sat. Jun 29th, 2024

Economics Europe India Indian Rupee Japan Kotak Mahindra Bank Russia terrorism U.s. u.s. dollar Uday Kotak

Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark

May 1, 2023 Robert Brown

Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak…

Economics gold import duty gold smuggling India Bullion and Jewellers Association (IBJA) Indian Rupee Narendra Modi Surendra Mehta trade deficit World Gold Council

India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit

Jul 6, 2022 Robert Brown

In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points…