Financial Education

What is Forex : Understand the Global Market and How Does It Work and affect your economy ?

What is Forex : Understand the Global Market and How Does It Work and affect your economy ?

Forex, short for Foreign Exchange, alludes to the worldwide commercial market where currencies are exchanged. It is the biggest monetary market on the planet, with a typical day to day exchanging volume of more than $6 trillion. The forex market permits people, organizations, and governments to trade one currency for…

What is Currency : How Does It Drive Global Trade and How Is Its Value Determined

What is Currency : How Does It Drive Global Trade and How Is Its Value Determined

Currency is an arrangement for day-to-day use of Currency within a specific nation or locale, facilitating exchange, trade, and financial movement. It is a medium of exchange, meaning it permits individuals to exchange labour and products efficiently without expecting to bargain or directly trading things of equivalent worth. Present day…

Consumer Price Index(CPI): What it means and how it follows the Average cost for everyday items

Consumer Price Index(CPI): What it means and how it follows the Average cost for everyday items

The Consumer Price Index (CPI) is a critical monetary pointer that tracks changes in the value level of a basket of services and products normally consumed by families. It is used to quantify inflation, which influences the cost for many everyday items for peoples. In India, CPI is firmly watched…

Gross Domestic Product (GDP): Measuring the Growth and Strength of a Nation’s Economy

Gross Domestic Product (GDP): Measuring the Growth and Strength of a Nation’s Economy

GDP (Gross domestic product) is frequently alluded to as the “heartbeat” of a country’s economy. It serves in as a critical mark of financial wellbeing, estimating the total worth of all labour and products created inside a country over a particular period, regularly a year. For a country with a…

Interest Rates Explained: Understand their power and How They Affect Both Your Loans and Savings.

Interest Rates Explained: Understand their power and How They Affect Both Your Loans and Savings.

Interest rates assume a basic part in the economy, impacting both borrowing and saving choices. They can either help you or work against you, depending upon whether you’re borrowing cash or saving it. In India, interest rates, fundamentally set by the Reserve Bank of India (RBI) influence all, from home…