The RBI chief said, “cryptos may lead to dollarization of the developing countries like India as the prices of crypto tokens are mostly denominated in dollars.”He said that this will create serious financial instability in the country. The RBI governor also added that cryptos pose a serious risk for small investors who are prone to lose their money.
$1.3 billion bet! FPI dollars chased just these 4 sectors in November; what’s likely in December?
The consumer services sector attracted maximum inflows in November to the tune of Rs 4,370 crore, after witnessing outflows of Rs 185 crore in October.
December 11, 2023