INDIAN CURRENCY

  • Bihar STF seizes fake currency notes worth Rs 10 lakh June 18, 2014

    In an early morning swoop, the Special Task Force (STF) of Bihar Police arrested a person from Patna Junction and seized Fake Indian Currency Notes (FICN) of the purported value of Rs 10 lakh from him. Inspector General (Operations) Amit Kumar said the arrested person has been identified as Mina Jod...
  • Raghuram Rajan signed Rs 1000 banknotes to come up shortly May 6, 2014

    Mumbai: Reserve Bank will shortly issue banknotes of Rs 1000 denomination in the Mahatma Gandhi series2005 bearing the signature of Governor Raghuram Rajan. "The RBI will shortly issue Rs 1000 denomination Banknotes incorporating rupee symbol on the obverse and reverse, with inset letter 'L' in both the numbering panels, in the...
  • 2009 fake currency case: Quantum of sentence to be pronounced today January 30, 2014

    Mumbai: A special National Investigation Agency (NIA) court on Thursday will pronounce the quantum of sentence in the 2009 fake currency case. Six persons were convicted on Wednesday for possessing and circulating fake Indian Currency notes in May 2009. They have been convicted under Section 16 and 18 of Unlawful...
  • Fake Indian currency notes case: NIA convicts 6 people January 29, 2014

    New Delhi: A special National Investigation Agency court on Wednesday convicted all six people in a case of circulating fake Indian currency notes. They have been convicted under Section 16 and 18 of Unlawful Activities (Prevention) Act and Section 489 of IPC. The quantum of sentence will be pronounced on Thursday. (More...
  • Rupee pauses, falls one paisa to 63.38 before US Fed meeting September 18, 2013

    Mumbai: The rupee on Wednesday closed just a paisa lower at 63.38 against the dollar, the narrowest movement in four months, as the currency market remained directionless ahead of the outcome of the US Federal Reserve policy meeting. The local currency resumed weak at 63.45 a dollar from the previous close...
  • Rajasthan police arrest fake note smuggler from West Bengal September 2, 2013

    Jaipur: Rajasthan police has seized fake Indian currency notes with face value of nearly Rs two lakh and arrested an alleged smuggler in West Bengal when he was boarding a train to this state, officials said on Monday. Mubin (28) was arrested from Malda district of West Bengal on Sunday and...
  • Tunda says ISI made him smuggle in fake Indian currency, say sources August 19, 2013

    New Delhi: More details are emerging out of the interrogation of Abdul Karim alias Tunda, the key LashkareToiba bomb maker, arrested by the Delhi Police on Saturday. Sources have told CNNIBN that Tunda claims that he was told to smuggle in fake Indian currency notes by the ISI since 2005. He...
  • Dawood Ibrahim safe in Pakistan under ISI cover, says Tunda August 18, 2013

    Abdul Karim Tunda, one of India's most wanted terrorists who has been arrested, has told his interrogators he was in constant touch with Pakistan's ISI and worked closely with it and also met leaders of several anti India outfits during his stay in that country. A top Delhi police official while...
  • Rupee regains strength, ends at 60.88 against the Dollar August 8, 2013

    Mumbai: The rupee recovered from Wednesday's slump to end at 60.88 against the dollar on Thursday. The Rupee had been gaining strength since Thursday morning to recover by 12 paise to 61.18 against the dollar in early trade at the Interbank Foreign Exchange following dollar selling by exporters and banks. A...
  • Rupee rebounds from record lows, up 7 paise to 60.40 vs dollar July 31, 2013

    Mumbai: The government's announcement to boost exports and attract more foreign capital on Wednesday lifted the rupee from near record lows and close with a gain of 7 paise at 60.40 against the US dollar. A late recovery in local stocks and fagend dollar selling by exporters also supported the...
  • Rupee opens at 59.10 versus dollar July 29, 2013

    Mumbai: The Indian rupee opened at 59.10 per dollar versus 59.04 on Friday. Agam Gupta, Standard Chartered Bank said, "The rupee is likely to open around 59/USD on dollar weakness. RBI measures will kick in from today and that will drive rupee appreciation. The range for the day is seen between...
  • Rupee gains slightly, at 59.34 vs dollar July 24, 2013

    Mumbai: Indian bond yields and swap rates surged after the Reserve Bank of India (RBI) moved to tighten rupee liquidity further in an attempt to shore up the weak local unit, which only edged up modestly despite the measures. At 9:08 am, the partially convertible rupee was at 59.53/54 per dollar,...
  • Is the Indian government doing enough to stem the rupee slide? July 9, 2013

    Mumbai: The rupee has already breached the 60 level against the dollar and analysts say it will soon cross 62. Besides being a sad reflection of the state of our economy, a weak rupee will have a direct impact on common man. For Indian students studying in the US the rupee...
  • Rupee freefall: Latha Venkatesh on the crisis June 11, 2013

    In a roller coaster ride, the rupee on Tuesday hit lifetime low of 58.98 against dollar but erased a major part of losses to close at 58.39 after RBI intervened in the forex market to stem the slide in the local currency that caused much concern to the government, the...
  • Rupee pulls off 8month lows as exporters sell May 23, 2013

    The rupee recovered from a more than 8month low hit earlier on Thursday, as exporters took advantage of a spike in the dollar to sell the greenback and on fears the central bank would intervene to stabilise the local currency. The rupee still posted a fifth day of falls to...
  • Pak woman moves HC after being denied permission to go home February 19, 2013

    Mumbai: A Pakistani woman national, who has been acquitted in a case of possessing fake Indian currency after remaining in jail for 30 months, has moved the Bombay High Court challenging the decision of authorities to deny her permission to return to her country. Rashida Tinwalla, 42, who had come...
  • Luxembourg women give fake Indian currency for visa July 20, 2012

    New Delhi: Two women nationals of Luxembourg allegedly paid their 'visaonarrival' fee at the IGI airport in New Delhi with fake Indian currency notes, police said on Friday. The two women, along with a child, arrived at the IGI airport on the intervening night of July 14 and 15 and...
  • Rupee hits an alltime low of 57.12 against US dollar June 22, 2012

    Mumbai: The rupee hit a record low against the dollar for a second consecutive session on Friday and posted its worst weekly fall in nine months, hurt by dollar demand from oil firms and gold importers as well as the broad riskoff sentiment. Traders said the Reserve Bank of India stepped...
  • Rupee gains on Greek relief; RBI awaited June 18, 2012

    The rupee gained in early trade on Monday as risk assets rallied after Greece elections gave a slim majority to probailout parties, with the focus shifting to the central bank policy decision later in the day. The Reserve Bank of India (RBI) is widely expected to cut interest rates by at...
  • Rupee at 1week high; some see bottom June 4, 2012

    Mumbai: The rupee rose on Monday to its highest against the dollar in a week, despite a steep selloff in global risk assets, on the back of dollar sales by corporates and exporters, as well as unwinding of longdollar positions by banks. The recovery comes after the rupee had hit a...
  • Rupee falls to record low, nears 55 per $ May 18, 2012

    Mumbai: The rupee made a new low of 54.91 against $, marking its third consecutive record low in a row vs 54.49/50 last close. Traders say 55 is the next key psychological resistance, breaching it could spark deep concerns. Global risk aversion weighing heavily on rupee; local shares down 1.2 percent. Risk...
  • Type Rupee symbol on keyboard? try quick tips July 18, 2010

    It could take six months to two years before we will be able to type the new Rupee symbol. ...
  • Nepal govt agrees to release Naga minister June 30, 2010

    Kohima: Nagaland Home Minister Imkong L Imchen was detained and questioned at the Kathmandu airport on Wednesday for carrying a suitcase full of Indian currency notes in the denomination of Rs 1000 and Rs 500, which is banned in Nepal. Nepal authorities have now agreed to release him. Sources say the...
  • Rupee strengthens, tracking Asia stocks February 22, 2010

    Mumbai: The rupee strengthened on Monday, boosted by gains in other Asian currencies and domestic shares. At 10:20 a.m. (0450 GMT), the partially convertible rupee was at 46.13/14 per dollar versus Friday's close of 46.30/31. Support for the rupee is seen at 46.00, traders said, adding that the rupee could...
  • Watch: A machine that detects fake currency November 7, 2009

    Counterfeit currency notes are being pumped into the country. ...
  • Nepal to crackdown on fake Indian currency rackets September 10, 2009

    Kathmandu: In the wake of reports that a fake Indian currency racket is being operated from its territory, Nepal on Wednesday said it will take strong steps to stop such criminal activities against India. "We will take strong steps to stop fake currency racket, security threat and other criminal activities against...
  • Indian rupee to get its own symbol soon March 6, 2009

    New Delhi: The hunt is on for a symbol for the Indian rupee. Like the dollar, the pound and the yen; the Indian rupee too will now have an internationally recognised symbol. The Ministry of Finance has launched a nationwide competition for designing the symbol. Students of all major art...
  • Pakistan's big business: minting Indian money July 14, 2007

    New Delhi: Pakistans most dangerous export to India is not just terrorismits Inter Services Intelligence (ISI) is trying to flood the country with fake Indian currency. When the Delhi Police arrested three ISI agents at the Nizamuddin Railway station they found Rs 33 lakh in Rs 500 and Rs 1,000 denominations...