Indian Currency

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

Rupee gains 30 paise to 79.39 against US dollar in early trade

At the interbank foreign exchange, the rupee opened sharply up at 79.55 against the US dollar, then gained further momentum to quote 79.39 in early deals, registering a gain of 30 paise.

published on : 29th July 2022

From investment portfolio to education abroad: Here is how rupee depreciation impacts your money

As much as 86% of Indian imports are invoiced in dollars. Therefore, when the rupee depreciates against the US dollar, imports become costlier in rupee terms.

published on : 25th July 2022

Does shift to rupee signal dollar retreat?

With US sanctions destroying the unified monetary system, new bilateral arrangements will emerge. A few neighbouring countries seem interested in India’s initiative.

published on : 22nd July 2022

Rupee value hitting below 80 against USD not big concern: Official

 As per the official, fall in rupee was due to the tightening of interest rate by the Federal Reserve, causing flow of dollars to the US from other countries.

published on : 21st July 2022

Rupee’s yoyo calls for new playbook

The value of a currency has the potent power to trigger national pride or dismay. 1991, 1997, 2002, 2008, and 2013 are all milestones of local dismay and global doubts.

published on : 10th July 2022

Fake currency racket kingpin, wanted by NIA, nabbed in Bihar

The accused, Sudhir Kushwaha, was wanted by the National Investigation Agency (NIA) in connection with several FICN-related cases.

published on : 8th July 2022

Government keeping eye on volatile rupee, says Finance ministry official

India’s current account deficit hit a record high of $23.5 billion in May on account of higher commodity prices.

published on : 5th July 2022

Govt watchful and mindful of impact of declining rupee on imports: Finance Minister

The rupee breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of lifetime lows this month.

published on : 1st July 2022

79,669 pieces of fake Rs 500 notes detected in FY22: RBI report 

The number of counterfeit notes of Rs 2,000 denomination detected in the system was 13,604 pieces during 2021-22, up 54.6 per cent from the preceding financial year.

published on : 30th May 2022

Weakening of rupee is detrimental to nation's interest: Commerce minister Piyush Goyal

He also said that it is important for India to expand exports significantly and encourage investments to increase foreign exchange inflows into the country.

published on : 21st April 2022

Striking the right note

City-based magnate & currency collector Rezwan Razack, who recently hosted RBI governor Shaktikanta Das, at his museum on Brunton Road, tells CE about the experience

published on : 28th March 2022

Rupee depreciates 8 paise vs US dollar in opening trade

The rupee weakened by 8 paise to 66.83 against the dollar in opening trade today at the Interbank Foreign Exchange market largely on month-end demand for the US currency.

published on : 27th April 2018

Ten days, ten changing decisions. What does the government of India plan to do today?

Here’s a list of the major decisions announced in the past ten days by the Government and the Reserve Bank of India.

published on : 16th November 2016

10 hilarious memes and tweets about Modi's currency move

When it's serious, a pinch of humour helps it go down better. Here's how quick-witted netizens reacted to the news of the discontinuation of Rs 500 and Rs 1,000 notes

published on : 9th November 2016