Latest News on Indian Currency
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Indian Currency - Total results - 74
Dec 29, 2016
RBI and its broken promise: Is there no sanctity to the promissory notes?The draconian punishments announced for keeping more than 10 notes of demonetised currency including a four-year jail sentence seems to be a defence mechanism to discourage any trigger happy Public Interest Litigator from suing the Reserve Bank of India (RBI) for breaking its promise.
Nov 25, 2016
Note ban: Nepal's central bank deems new Indian currencies of Rs 500, 2,000 'illegal' for nowThe Nepal Rastra Bank said the new Indian notes, which have appeared in border areas dues to the open border, cannot be exchanged until India accords approval
Nov 11, 2016
Rs 500 and Rs 1,000 ban: Nepal's banking system holds banned Indian currency notesNepal's banking system has held banned Indian currency (IC) Rs 500 and 1,000 notes worth Rs 35 million ($524,737).
Sep 03, 2014
Rupee hits one-month high of 60.33 on reports of Russia, Ukraine ceasefireSnapping the four-session losing trend, the rupee today hit one-month high of 60.33 during the day before closing higher by 19 paise at 60.49 against the dollar on weakening of the US currency amid reports of Russia and Ukraine agreeing to a ceasefire.
Aug 08, 2014
Rupee opens at a five month lowThe rupee dropped to its weakest level in five months on Friday morning, weighed down by geo-political tensions around the globe with concerns about the continuation of foreign fund inflows into local debt and equities also hurting sentiment.
Jul 31, 2014
Rupee tanks to 3-month low of 60.55, down on capital outflowsThe rupee today depreciated 49 paise to close at a three-month low of 60.55 against the US dollar
Aug 21, 2013
Falling rupee to make Indian smartphones costlierAs much as you’d hate to know it, the smartphone you’ve probably been eyeing for a while now will get costlier.
Aug 13, 2013
Why choking growth will not help save the rupeeIs there a way out of this mess or is time the only healer? The latter seems to be the more plausible answer but pain caused by the current economic conditions will be high.
Aug 05, 2013
Weak US job data, RBI may help rupee claw back to 60The rupee is likely to claw its way back to 60-levels this week helped by the recent measures taken by RBI coupled with a weak dollar after US jobs data eased concerns over early withdrawal of easy money by the US Fed, say bankers and analysts.
Jul 16, 2013
Too much pain for little gain? RBI move to shore up rupee hits stocks, bondsThe steps make it harder to speculate in the rupee and are intended to attract foreign inflows needed to fund a record current account deficit, but markets were not convinced.