Mon, Nov 11, 2024
Declining for the fourth straight session, the rupee dropped 2 paise to hit a new lifetime low of 84.39 (provisional) against the US dollar on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities.
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Thu, Oct 24, 2024
Analysts said the selling rush by foreign investors in pursuit of better gains from the Chinese market has been preventing the rupee's recovery, while higher US treasury yields have triggered the fear of slower interest rate cut by the Federal Reserve.
Fri, Dec 01, 2023
Currency market update: The rupee appreciated by seven paise to settle at 83.30 against the US currency on Friday, having moved within an 11-paisa range of 83.25-83.36 during the course of the session.
Wed, Nov 02, 2022
Digital Rupee: The RBI governor said the state governments need to completely digitize their land records and the process of verification of the title for the scheme to function smoothly.
Tue, Nov 01, 2022
Rupee will be used for secondary market transaction settlement of government bonds.9 banks identified for participation in digital rupee’s wholesale pilot. However, under this pilot launch, only few (selectively) will be allowed to transact. Know the complete analysis of virtual currency from Anil Singhvi on India 360. Watch this special report.
Digital Rupee: The money will be in virtual form just like other cryptocurrencies but the digital rupee will not be decentralised
It also announced that the first pilot in Digital Rupee - Retail segment is planned for launch within a month
Fri, Oct 07, 2022
The Reserve Bank of India today released the concept paper on Digital Rupee. RBI will start pilot project soon. Know full details from Brajesh Kumar.
Mon, Sep 26, 2022
The pressure on the domestic currency, which is mainly due to repeated hikes in interest rate by the US Fed, is likely to continue with rise in trade deficit and gradual withdrawal of funds by institutional investors.
Wed, Mar 09, 2022
The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed of transactions and reducing the cost of cash, a Deloitte report said on Wednesday.
Mon, Feb 07, 2022
RBI is going to launch India's first digital currency soon. Here is all you need to know about it.
Thu, Feb 03, 2022
Budget 2022: FM Sitharaman said - Introduction of Central Bank Digital Currency (CBDC) will give a big boost to digital economy.
Tue, Feb 01, 2022
The finance minister said "With the aim to take Digital Banking to every citizen. 75 digital banking units in 75 districts of the country will be launched".
Digital currency will lead to a more robust, efficient, trusted, payments option.
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