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Indian Currency

Rupee hits record low as dollar strengthens amid US election uncertainty

Rupee hits record low as dollar strengthens amid US election uncertainty

Wed, Nov 06, 2024

The offshore Chinese yuan, Korean won, Malaysian ringgit, and Thai baht dropped between one per cent and 1.3 per cent, reflecting heightened risk aversion as market participants awaited a potential Republican victory.

Rupee falls 5 paise to close at all-time low of 83.71 against US dollar post-budget

Rupee falls 5 paise to close at all-time low of 83.71 against US dollar post-budget

Tue, Jul 23, 2024

At the interbank foreign exchange market, the local unit opened at 83.64 and touched an intraday high of 83.61 and touched an all-time intraday low of 83.71 against the dollar during the trading session.

Rupee rises 6 paise against US dollar as crude oil prices ease

Rupee rises 6 paise against US dollar as crude oil prices ease

Tue, May 21, 2024

At the interbank foreign exchange market, the local unit opened strong at 83.32 and touched an intraday high of 83.26 and a low of 83.36.

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RBI To Withdraw Rs 2,000 Notes From Circulation, How Is This Decision? Know The Opinion Of P.K. Malhotra, Former Deputy MD Of SBI

RBI To Withdraw Rs 2,000 Notes From Circulation, How Is This Decision? Know The Opinion Of P.K. Malhotra, Former Deputy MD Of SBI

Sun, May 21, 2023

RBI will withdraw ₹ 2000 notes. How is this decision of RBI? Know the opinion of P.K. Malhotra, former deputy MD of SBI.

Rs 2,000 Notes Withdrawn: What Should You Do With Your Rs 2,000 Notes?

Rs 2,000 Notes Withdrawn: What Should You Do With Your Rs 2,000 Notes?

Sun, May 21, 2023

The Reserve Bank of India (RBI) on Friday announced to withdraw the Rs 2,000 denomination banknotes from circulation. However, the Rs 2,000 notes will continue to be legal tender. It said the existing Rs 2,000 notes can be deposited or exchanged in banks until September 30. What should you do with your Rs 2,000 notes? Watch this video to get answers to every question related to ₹2000 notes.

RBI To Pull Out ₹2,000 Notes From Active Circulation

RBI To Pull Out ₹2,000 Notes From Active Circulation

Sun, May 21, 2023

The Reserve Bank of India (RBI) on May 19 decided to withdraw ₹2,000 denomination banknotes from circulation in pursuance of its “Clean Note Policy”. Citizens are advised to deposit or exchange these notes by September 30, 2023. The exchange facility will be available starting May 23 in order to allow banks to make necessary preparations.

Anil Singhvi Talks On RBI's Decision To Withdraw Rs 2,000 Notes From Circulation

Anil Singhvi Talks On RBI's Decision To Withdraw Rs 2,000 Notes From Circulation

Fri, May 19, 2023

The Reserve Bank of India (RBI) has taken a big decision. The central bank has announced the withdrawal of Rs 2,000 notes from circulation. What is Anil Singhvi's opinion on this decision of RBI? Watch in this video.

FM Nirmala Sitharaman Lok Sabha question currency in circulation at Rs 31.22 lakh crore as of March 2022

FM Nirmala Sitharaman Lok Sabha question currency in circulation at Rs 31.22 lakh crore as of March 2022

Mon, Mar 13, 2023

The currency in circulation, which includes bank notes and coins, to GDP ratio stood at 13.7 per cent as on March 25, 2022, up from 11.6 per cent as on March 2014.

Rupee Vs Dollar: Rupee gains 8 paise to 81.80 against US dollar in afternoon trade

Rupee Vs Dollar: Rupee gains 8 paise to 81.80 against US dollar in afternoon trade

Wed, Feb 01, 2023

Rupee Vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.76 against the dollar, registering a rise of 12 paise over its previous close. The local unit was later trading at 81.80 against the greenback.

Rupee Vs Dollar: Rupee gains 9 paise to close at 81.50 against US dollar

Rupee Vs Dollar: Rupee gains 9 paise to close at 81.50 against US dollar

Mon, Jan 30, 2023

At the interbank foreign exchange market, the local unit opened lower at 81.69 and touched a low of 81.72 against the US dollar in line with losses in the equity markets.

Currency in circulation rises by 83% since demonetisation in 2016

Currency in circulation rises by 83% since demonetisation in 2016

Mon, Jan 02, 2023

The Supreme Court on Monday upheld the decision of the government on demonetisation.

Analysis On Sushil Modi's Point Of Withdrawing ₹2000 Note From Circulation

Analysis On Sushil Modi's Point Of Withdrawing ₹2000 Note From Circulation

Mon, Dec 12, 2022

How to see Sushil Modi's point of withdrawing ₹2000 note from circulation? Know from former principal of CCIT, DS Saxena.

Will ₹2000 Note Be Banned? As BJP MP Sushil Modi Urges Centre To Ban It

Will ₹2000 Note Be Banned? As BJP MP Sushil Modi Urges Centre To Ban It

Mon, Dec 12, 2022

Will ₹2000 note be banned? as BJP MP Sushil Modi urged Centre to ban it. Know full news from Tarun Sharma.

Indian Rupee slides 25 paise to close at 82.53 against US dollar amid tepid trend in domestic market

Indian Rupee slides 25 paise to close at 82.53 against US dollar amid tepid trend in domestic market

Mon, Dec 12, 2022

At the interbank foreign exchange market, the rupee opened lower at 82.54 against the greenback and witnessed a high of 82.50 and a low of 82.74. It finally settled at 82.53, down 25 paise over its previous close of 82.28.

Government asks trade bodies and banks to explore more countries for trade in Indian Rupee

Government asks trade bodies and banks to explore more countries for trade in Indian Rupee

Sun, Dec 11, 2022

In a recent review meeting with stakeholders, sources said, the finance ministry asked stakeholders to explore more countries and establish this mechanism as part of its plans to expand bilateral trades through SVRAs and internationalise indigenous payment modes.

Rupee Vs Dollar: Rupee falls 25 paise to 82.75 against US dollar in early trade

Rupee Vs Dollar: Rupee falls 25 paise to 82.75 against US dollar in early trade

Wed, Dec 07, 2022

On Tuesday, the rupee declined by 65 paise to close at an over one-month low of 82.50 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.05 per cent to 105.63.

Rupee vs Dollar: Indian currency falls 24 paise to 82.09 against $

Rupee vs Dollar: Indian currency falls 24 paise to 82.09 against $

Tue, Dec 06, 2022

At the interbank foreign exchange, the domestic unit opened weak at 81.94 against the dollar, then slipped further to 82.09, registering a fall of 24 paise over its previous close.

Rupee Outlook: Indian currency on recovery path, likely to trade in 80-82 range against US dollar – know what analysts say

Rupee Outlook: Indian currency on recovery path, likely to trade in 80-82 range against US dollar – know what analysts say

Mon, Nov 14, 2022

The local currency on Monday depreciated by 48 paise to close at 81.26 (provisional) against the US dollar, tracking the recovery in the American currency.

US Treasury removes India from its Currency Monitoring List after two years - Details!

US Treasury removes India from its Currency Monitoring List after two years - Details!

Sat, Nov 12, 2022

China, Japan, Korea, Germany, Malaysia, Singapore, and Taiwan are the seven economies that are a part of the current monitoring list, the Department of Treasury said in its biannual report to the Congress.

'Gods on Indian currency notes' debate: How the Indian paper Rupee has evolved since Independence — View Timeline

'Gods on Indian currency notes' debate: How the Indian paper Rupee has evolved since Independence — View Timeline

Thu, Oct 27, 2022

The transition of currency management from colonial to independent India has been a unique one. From August 14, 1947 (India's independence) to January 26, 1950 (India became a republic) the Reserve Bank continued to issue the extant notes.

Rupee rises 7 paise to close at 82.81 against US dollar

Rupee rises 7 paise to close at 82.81 against US dollar

Tue, Oct 25, 2022

At the interbank foreign exchange market, the local currency opened at 82.71 and witnessed a high of 82.62 and a low of 82.81. It finally settled at 82.81 against the American currency, registering a rise of 7 paise over its previous close.

RBI fighting a lost INR battle, say analysts

RBI fighting a lost INR battle, say analysts

Tue, Sep 27, 2022

The global narrative is undergoing a substantial regional rotation in favour of the US exceptionalism, even as we are unlikely to see the US growth upgrades. The theme of dollar dominance is still alive.

Rupee vs Dollar: Indian currency cracks further, at new record low of 81.52

Rupee vs Dollar: Indian currency cracks further, at new record low of 81.52

Mon, Sep 26, 2022

The RBI has been deploying the dollar reserves to defend the currency and has exhausted billions of dollars of currency assets in the fight. There have also been policy moves to attract more deposits from the diaspora through further incentives and other such attempts to stem the fall.

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