Rupee

India scraps the Rs 2000 note: Will this affect the economy?

The Rs 2000 note will remain legal tender but citizens have been asked to deposit or exchange these notes by 30 September. Analysts say this time the move is expected to be less disruptive as a lower value of notes is being withdrawn over a longer period of time

How Pakistan's worsening political situation dampens hopes for aid from the IMF

Pakistan's rupee has lost nearly 50 per cent over the past 12 months. On Wednesday, the currency tumbled some two per cent to a fresh record low of 290 to the dollar. The latest political crisis engulfing Pakistan is eroding hopes to get its much-needed programme with the IMF back on track soon

How bankrupt Pakistan has no money for Hajj

The holy pilgrimage of Hajj has become a luxury in Pakistan with the cost rising by almost 75 per cent since last year. The government has for the first time surrendered its Hajj quota to Saudi Arabia, in a move that will save it $24 million

Pakistan faces shortage of life-saving drugs due to weakening rupee, controversial pricing policy, say reports

Pakistan, currently in the throes of a major economic crisis, is grappling with high external debt and dwindling foreign exchange reserves

Zaeden releases remake of hit track Tempted to Touch by Rupee: 'It is one of my childhood favourites'

Zaeden revealed, in an exclusive interview to Firstpost, that they are shooting the track's video in Mumbai and Delhi.

Rupee gains 12 paise to 81.76 against US dollar ahead of Union Budget

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 102.08

Budget 2023: Rupee poised to inch up on fall in US yields; budget, Fed outcome eyed

The rupee is expected at around 81.75-81.80 per US dollar at open, compared with 81.92 in the previous session. The local currency posted its worst decline in about two months on Tuesday, briefly falling below the 82 level

UAE in discussion with India to trade non-oil commodities in rupees

Majority of Gulf trade is carried out in US dollars. However, several countries including India and China have been increasingly seeking to pay in local currencies as it lowers transaction costs apart from several other benefits

Indian rupee going global? After Russia, 35 countries show interest in INR trade settlement mechanism

India’s rupee trade settlement mechanism is a method of using INR instead of dollars and other big currencies for international transactions

Russia starts foreign trade settlements in rupee, more countries to join

The Reserve Bank of India (RBI) in July this year introduced guidelines to promote the settlement of international trade in rupee