Currency

Currency News

High Living: Which is the world's most expensive city?
World

High Living: Which is the world's most expensive city?

According to an annual survey released, New York and Singapore are the world's most expensive cities after inflation soared this year. Prices increased by an average of 8.1 per cent in the 172 major cities surveyed by the Economist Intelligence Unit between August and September

Want to exchange damaged notes for fresh ones? Check RBI rules and regulations here
Business

Want to exchange damaged notes for fresh ones? Check RBI rules and regulations here

The RBI offers a facility for exchanging damaged notes called a Triple Lock Receptacle (TLR) cover.

Explained: Will the Bank of Japan break tradition and raise interest rates?
World

Explained: Will the Bank of Japan break tradition and raise interest rates?

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1 per cent even as the yen sinks to three-decade lows against the dollar

Explained: How a weak pound affects UK's fight against climate change
World

Explained: How a weak pound affects UK's fight against climate change

The UK government's aim to achieve net zero by 2050 requires substantial public and private investment in energy technologies. However, the loss in investor confidence threatens to derail these investments

The pound has fallen to an all-time low: What does it mean for Britain's finances?
World

The pound has fallen to an all-time low: What does it mean for Britain's finances?

The pound has tumbled more than five per cent since the government outlined its economic plans, dropping as low as $1.0373 early Monday, before bouncing back to above $1.06

Not So Sterling: The many crashes in the long history of the British pound
World

Not So Sterling: The many crashes in the long history of the British pound

The British pound has fallen to a record low against the dollar, surging fears about a long-lasting UK recession

Explained: How the rising US dollar can affect everyone
World

Explained: How the rising US dollar can affect everyone

The dollar is near its highest level in more than two decades against major currencies, including the euro and Japanese yen. Many professional investors don't expect it to ease off anytime soon

India extends additional $500 million credit line to help Sri Lanka purchase fuel
World

India extends additional $500 million credit line to help Sri Lanka purchase fuel

Sri Lanka has been struggling to pay for imports after its foreign exchange reserves plummeted sharply in recent times, causing a devaluation of its currency and spiraling inflation

India has safeguards in place to mitigate risks from capital flows, says IMF
World

India has safeguards in place to mitigate risks from capital flows, says IMF

The latest IMF report highlights the risks to financial stability that can arise from a gradual buildup of external debt liabilities, especially when these generate currency mismatches, and narrow and exceptional cases from foreign debt denominated in local currency

Ukraine and Russia deploy different methods to defend their currencies
World

Ukraine and Russia deploy different methods to defend their currencies

In Ukraine, the central bank has suspended all currency trading and set a fixed exchange rate of approximately 29 hryvnia to the dollar and has also banned foreign currency withdrawals and most cross-border payments

Explained: Why Turkey's lira is crashing and what it has to do with strongman Recep Tayyip Erdogan
World

Explained: Why Turkey's lira is crashing and what it has to do with strongman Recep Tayyip Erdogan

The lira has lost more than 40 percent of its value against the dollar since the start of the year and the annual inflation rate has reached nearly 20 percent, quadruple the government's target

Rupee goes up 14 paise to 74.44 against US dollar in early trade
Business

Rupee goes up 14 paise to 74.44 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened at 74.49 against the dollar, then inched higher to 74.44

Bronze Age central Europeans used rings, ribs, axe blade as type of currency
science

Bronze Age central Europeans used rings, ribs, axe blade as type of currency

It is impossible to know how much each individual object might be worth in today's money and what they might have been used to buy.

Rupee settles 8 paise higher at 75.54; govt's reopening plan for domestic economy boosts investors sentiment
Business

Rupee settles 8 paise higher at 75.54; govt's reopening plan for domestic economy boosts investors sentiment

The rupee appreciated 8 paise to provisionally close at 75.54 against the US dollar on Monday supported by optimism over the government's reopening plan for the domestic economy

Rupee jumps 32 paise to 75.30 in early trade; govt's reopening plan for domestic economy boosts investors sentiment
Business

Rupee jumps 32 paise to 75.30 in early trade; govt's reopening plan for domestic economy boosts investors sentiment

The rupee appreciated 32 paise to 75.30 against the US dollar in opening trade on Monday supported by the government's reopening plan for the domestic economy

Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
Business

Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence

Rupee rises 11 paise to 75.65 in early trade ; foreign fund inflows, weak US dollar boosts investor confidence
Business

Rupee rises 11 paise to 75.65 in early trade ; foreign fund inflows, weak US dollar boosts investor confidence

The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence

Stock markets end day's session in green: Sensex up over 500 points, Nifty nears 9,500; Zee, Eicher Motors top gainers
Business

Stock markets end day's session in green: Sensex up over 500 points, Nifty nears 9,500; Zee, Eicher Motors top gainers

Sensex hit a high of 32,267.23 points during the day ahead of the expiry of May derivatives contracts. It finally ended 595.37 points or 1.88 percent higher at 32,200.59.

Rupee settles 5 paise lower at 75.76 due to escalating tension between US and China
Business

Rupee settles 5 paise lower at 75.76 due to escalating tension between US and China

The rupee on Thursday settled 5 paise down at 75.76 against the US dollar amid escalating tension between the US and China

Rupee falls 19 paise to 75.90 in early trade; Asian currencies turn weak due to escalation of US-China tensions
Business

Rupee falls 19 paise to 75.90 in early trade; Asian currencies turn weak due to escalation of US-China tensions

The rupee depreciated 19 paise to 75.90 against the US dollar in opening trade on Thursday tracking weak Asian currencies amid an escalation of tension between the US and China