Currency

  • Rupee rises 7 paise Vs US dollar to end at over 2-week high of 60.06 13 minutes ago

    Mumbai: In line with the recovery in local equities, the Indian rupee on Wednesday washed out early losses and closed up by seven paise at over two-week high of 60.06 against the greenback. Fresh dollar selling by exporters too aided the rupee rise while a firm dollar overseas capped the...
  • Rupee slips by 3 paise to nearly 1-week low of 60.13 vs dollar 2 days ago

    Mumbai: The rupee on Monday ended lower by 3 paise to end at nearly a one-week low of 60.13 against the American currency on month-end dollar demand from importers and banks. The rupee resumed lower at 60.12 per dollar as against the last weekend's level of 60.10 per dollar at the...
  • Two detained with Rs 31 lakh Nepalese currency 2 days ago

    The Bihar police on Sunday detained two persons carrying Rs 31 lakh in Nepalese currency at the Ghodasahan Bazar in East Champaran district. Ghodasahan Station House Officer (SHO) Lalit Kumar said the two persons have been identified as Upendra Jaiswal and Vijay Kushwaha, who are residents of Gaur in Rautahat district...
  • The Rupee on Friday ended 0.02 points down at 60.10 for the week 4 days ago

    Mumbai: The Rupee on Friday ended 0.02 points down at 60.10 for the week Dealers attributed the domestic currency's fall to gains made by the dollar against other currencies overseas and fresh demand for the American unit from importers. The rupee had retreated from nearly two-week high and ended three paise lower...
  • Rupee closes at 60.31 against dollar July 21, 2014

    Mumbai: The rupee on Monday closed at 60.31 against US dollar. The rupee recovered by 10 paise to 60.18 against the US dollar in early trade at the Interbank Foreign Exchange market on selling of the American currency by exporters amid increased capital inflows. Further, strengthening of the euro and the yen...
  • Rupee falls to 1-month low vs US dollar, down 10 paise at 60.28 July 18, 2014

    Mumbai: The rupee continued its downslide mostly throughout the week and on Friday fell 10 paise to log a one-month closing low of 60.28 against the greenback on dollar demand from importers and rising global risk aversion. Heavy capital inflows in local equities, however, restricted the rupee fall, said forex brokers....
  • Rupee logs worst drop in a month, down 44paise at 60.19 vs dollar July 10, 2014

    Mumbai:Moving in tandem with equities, the rupee today tumbled 44 paise, posting its biggest drop in nearly a month, to end at 60.19 against the dollar on a day the Narendra Modi-led government presented its maiden Budget. A firm dollar overseas and demand for the US currency from importers weighed on...
  • Three men arrested with fake currency notes having face value of Rs 1 lakh July 3, 2014

    Three men have been arrested with counterfeit currency notes which have a face value of Rs 1 lakh, in the Bharatpur district of Rajasthan, police said on Thursday. A motorcycle was also seized from the accused-- Kamalu, Mufeed and Bhanwar Singh-- after their arrest from near Bhonri village during a raid...
  • China signs yuan accords with France, Luxembourg June 30, 2014

    Shanghai: China's central bank said it has signed agreements for yuan clearing arrangements with France and Luxembourg, with the aim of promoting greater use of its currency overseas. The People's Bank of China (PBoC) said it would designate Chinese banks as the yuan clearing institutions in the two European countries later,...
  • Rupee down 18 paise vs dollar in early trade June 20, 2014

    Mumbai: The rupee on Friday lost 18 paise to 60.26 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from importers. Forex dealers attributed the rupee's fall to increased dollar demand from importers amidst rising global crude prices but said...
  • Rupee gains most in over a month on Fed's dovish policy outlook June 19, 2014

    Mumbai: Bucking the weak trend in stocks, the rupee on Thursday rose 31 paise, logging its best single-day gain in over a month, to end at 60.08 against the dollar as the American currency weakened on US Fed keeping its policy of ultra-low interest rates intact. Fresh selling of dollars by...
  • 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...
  • Rupee rebounds from over 7-week lows, ends up 13 paise at 60.03 vs US dollar June 17, 2014

    Mumbai: The rupee on Tuesday appreciated for the first time in three days against the dollar and ended 13 paise up at 60.03 boosted by late surge in local equities and comments by RBI Governor that India is better prepared to deal with any fallout from the ongoing Iraq crisis. Fresh...
  • Rupee breaches 60-mark, ends at six-week low of 60.16 against US dollar June 16, 2014

    Mumbai: The rupee on Monday slipped below 60-mark and closed sharply down by 39 paise at a six-week low of 60.16 against the dollar on sustained demand of the American currency from oil importers, amid rising oil prices. Weakness in local equities on the back of rise in wholesale...
  • US to auction bitcoin seized in raid on Silk Road market on June 27 June 14, 2014

    Bangalore: The US government plans to auction about 30,000 bitcoin, the electronic currency, valued at about $17.4 million, on June 27 the US Marshals Service said. The bitcoin were seized during an FBI raid in October on the Internet marketplace Silk Road, known as a hub for transactions involving illegal drugs...
  • Rupee ekes out marginal rise against US dollar ahead of IIP, inflation data June 12, 2014

    Mumbai: Continuing its range-bound movement for the fourth session, the rupee on Thursday closed up by two paise at 59.25 ahead of industrial output and retail inflation data. A smart recovery in local stocks amid stray dollar selling by exporters helped the rupee close in the positive terrain, a forex...
  • Rupee logs first drop in four days to end at 59.20 against US dollar June 9, 2014

    Mumbai: Bucking the trend in stocks, the Indian rupee on Monday washed out initial gains and logged its first drop in four sessions to end at 59.20 against the dollar on late demand for the American currency from importers. At the Interbank Foreign Exchange (Forex) market, the rupee commenced...
  • Rupee up 5 paise closes at 59.33 against US dollar June 4, 2014

    Mumbai: Snapping a four-day losing trend, the rupee on Wednesday recovered by 5 paise to close at 59.33 against the US currency on fag-end dollar selling by banks and exporters on hopes of good foreign capital inflows into equities. At the Interbank Foreign Exchange (Forex) market, the local currency resumed lower...
  • Apple to let developers include virtual-currency transactions in their apps June 3, 2014

    Bangalore: Apple will let software developers include virtual-currency transactions in their applications, paving the way for new forms of money to appear on iPhones and iPads. "Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in...
  • Rupee loses 4 paise ends at 59.15 against US dollar June 2, 2014

    Mumbai: Ignoring the surge in local stocks, the rupee continued its downfall for the third straight day as it lost four paise against the dollar to end the day at 59.15. Forex dealers said that the rupee remained under pressure due to sustained demand for the US currency from importers,...
  • 7 yrs of jail for man held with fake currency in Odisha May 31, 2014

    Bhubaneswar: A local court in Cuttack today sentenced a man to rigorous imprisonment (RI) for seven years with a penalty of Rs 5,000 after convicting him in a fake currency note case. The Second Additional Sessions Judge, Cuttack found guilty one Sanjay Kumar Biswal of indulged in trade of fake currency...
  • Rupee posts first weekly drop in five on rising dollar demand May 30, 2014

    Mumbai: The rupee on Friday extended losses and fell by eight paise to end at 59.11 against the dollar dragged down by month-end importer demand of the US currency. It lost 59 paise in the past five trading sessions, logging its first weekly drop in five. In May, the rupee...
  • Rupee logs biggest drop in 2 months, down 33 paise against US dollar May 27, 2014

    Mumbai: Extending losses for the third day, the rupee on Tuesday fell 33 paise - its biggest drop in over two months - to end at 59.04 against the dollar as overseas investors pulled out funds from stocks and on month-end importer demand for the US currency. After losing 24...
  • Rupee weakens for 2nd day, falls 19 paise against US dollar to end at 58.71 May 26, 2014

    Mumbai: The rupee on Monday weakened 19 paise, logging its sharpest drop in over a month, to close at 58.71 against the US dollar, amid demand for the American currency from oil importers and late profit-booking in equities. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced higher at...
  • Rupee gains 3 paise closes at 60.04 against US dollar May 9, 2014

    Mumbai: The rupee on Friday gained three paise against the dollar to end the day at 60.04 on persistent selling of the US currency by banks and exporters in view of sustained foreign capital inflows into equity markets. The rupee unit resumed slightly lower at 60.09 per dollar as against...
  • Rupee 2 paise lower closes at 59.96 against US dollar May 7, 2014

    Mumbai: The rupee rose to above 60-level at 59.96 against the dollar but surrendered the gain to settle the day lower by a marginal two paise at 60.13 as a sudden demand for the US currency emerged at fag end of trade. The rupee resumed higher at 60.02 as against the...
  • 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 series-2005 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...
  • Rajasthan Police recover fake currency of Rs 3.37 lakh, one arrested May 6, 2014

    Rajasthan Police's Special Operation Group claimed to have busted an inter-state fake currency racket, with the arrest of one person and recovery of counterfeit currency of over Rs 3.37 lakh from him. The suspected money carrier, Surjeet Kumar Yadav of Itawa, was arrested with fake currency of Rs 3,37,500 outside Kanpur...
  • Rupee closes at 60.21 depreciates by 5 paise again US dollar May 5, 2014

    Mumbai: The rupee on Monday failed to maintain initial gains and ended lower by five paise at 60.21 against the dollar on fag-end demand for the US currency from banks and importers. The rupee opened higher at 60.09 a dollar against last weekend's...
  • Rupee gains 15 paise against US dollar May 2, 2014

    Mumbai: The rupee appreciated by 15 paise to close at three-week high of 60.16 against the dollar following sustained selling of the US currency by exporters amid capital inflows, completing three straight sessions of gain. However, weakness in local equities and a firm dollar overseas...