Currency

Re at new low vs $, stays strong against other currencies 

This week the rupee fell 1.6%, mostly weighed down by the US Federal Reserve’s decision to hike interest rates by 75 basis points on Wednesday.

published on : 24th September 2022

Cheated of Rs 70 lakh in crypto con, KHM villagers threaten suicide

They went to his house holding pesticide bottles and threatened to end their lives if he did not return their money.

published on : 22nd September 2022

Bitcoin falls 6 per cent; Ethereum down after the Merge

Bitcoin, the world’s largest cryptocurrency, on Monday dropped close to 6% and reached below $18,300 level on Monday, and Ethereum too hit multi-month low following the Merge.

published on : 20th September 2022

Flyer caught at Kempegowda International Airport with foreign currencies

According to a Customs source, the flyer Nainar Haja Hanifa attempted to smuggle $45000 and 185 Dirhams in his baggage via Etihad Airways.

published on : 19th September 2022

Biggest software upgrade in crypto world Ethereum Merge is now completed

The upgrade is said to be crucial as it cuts down over 99 per cent of energy consumption., especially at a time when businesses are striving for carbon neutrality.

published on : 15th September 2022

Chennai: Man purchases counterfeit currency through Insta, held

“We opened the package and found fake notes worth Rs 21,500. We traced the receiver and nabbed Sathish,” said a police officer.

published on : 15th September 2022

Enforcement Directorate has unfreezed bank accounts, says WazirX

The ED has been conducting money laundering investigations against many non-banking financial companies and their fintech partners for predatory lending practices.

published on : 12th September 2022

India’s forex reserves down $90 billion from $642 billion peak in November 2021

The continuous drop in the country’s forex reserve has been largely attributed to the central bank’s efforts to support the rupee, which has fallen 8% over the past one year.

published on : 10th September 2022

Inflation hits 9.1 per cent in countries using euro currency; driven by Russia-Ukraine war

Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.9% in July, according to the latest figures released on August 31 by the European Union statistics agency Eurostat.

published on : 31st August 2022

Foreign exchange reserves slump by USD 6.68 billion to hit two year low

As per RBI weekly stats, foreign currency assets, which are the biggest component of the forex reserves, fell by $5.779 billion to $501.216 billion during the week ended August 19.

published on : 27th August 2022

Ethereum set for upgrade, experts advise users to be alert for scam  

Ethereum is transitioning from Proof-of-Work (PoW) consensus method of setting transactions to Proof-of-Stake (PoS). This technical upgrade to the blockchain is known as The Merge.

published on : 26th August 2022

RBI Governor maintains strong stance against cryptocurrency

The central bank has always been skeptical over cryptos and sees it only as a potential challenge to currency.

published on : 24th August 2022

Two arrested with Rs 2.5 lakh in counterfeit currency in Hyderabad

Sleuths of the South Zone Task Force and Mirchowk police on Thursday arrested two persons for circulating counterfeit Indian currency.

published on : 19th August 2022

Crypto investors sue Shark Tank icon Mark Cuban over Voyager 'Ponzi' scheme

According to the lawsuit, Cuban promoted the company "as a Voyager customer himself, in a ploy to dupe investors into believing that Voyager was a safe platform".

published on : 14th August 2022

Rupee falls 9 paise to 79.71 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 105.20.

published on : 12th August 2022

'Caution should be the word': WazirX episode reveals darker side of crypto trade

The Enforcement Directorate (ED) has been investigating allegations of money laundering against WazirX.

published on : 11th August 2022

'In India, 7.3% of the population owned digital currency in 2021, seventh highest in the world': UN

Ukraine topped the list with 12.7 per cent, followed by Russia (11.9 per cent), Venezuela (10.3 per cent), Singapore (9.4 per cent), Kenya (8.5 per cent) and the US (8.3 per cent).

published on : 11th August 2022

Rupee rises 11 paise to 79.52 against US dollar in early trade

According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, the dollar index remains stable before the US CPI data.

published on : 10th August 2022

Rupee falls 22 paise to 79.46 against US dollar in early trade

The 30-share Sensex was trading 70.74 points or 0.12 per cent lower at 58,317.19, while the broader NSE Nifty fell 24.30 points or 0.14 per cent to 17,373.20.

published on : 8th August 2022

ED freezes over Rs 64 crore bank deposits of crypto exchange WazirX

The agency's probe against the crypto exchange is linked to its ongoing investigation against a number of Chinese loan apps (mobile applications) working in India.

published on : 5th August 2022
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