Why is the currency ban causing markets to rise?4 min read . Updated: 11 Nov 2016, 01:47 AM IST
We should expect to see an impact on business and growth in the short term as a large part of the business is cash-based
The sudden shock of the currency ban and an unexpected election result in the US caused markets to open 6% down on 9 November. But a day later, the story has changed—all markets are up. So why are stock markets surging? Why are bond markets happy? Why are real estate magnates walking like zombies? What lies ahead for your money?
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