Currency

  • Watch: Bitcoin explained in 3 minutes and 23 seconds 19-04-2014 03:24 PM

    This short video looks at Bitcoin, the decentralised digital currency that has been making headlines and attempts to explain what Bitcoins are, how they are created, exchanged and what the future holds for the cryptocurrency.Bitcoin is an online currency that allows people to make one-to-one transactions, buy goods and services...
  • Three UP men arrested with huge foreign currency cache in Nepal 19-04-2014 08:23 AM

    Nepal police have apprehended four Indians from Nepalgunj along the India-Nepal border Friday evening with a huge cache of foreign currency while they were trying to board a Kathmandu-bound flight at the local airport. The police confisticated 179,500 euros, $2,900 and 1,300 Thai bhats - accounting to more than NRs.24.59...
  • Sensex falls for 3rd day, loses 208 points as IT, realty stocks hit 16-04-2014 09:31 AM

    Mumbai: The BSE benchmark index Sensex fell for the third straight day by losing 208 points on increased profit selling by funds in IT, capital goods and realty stocks. The 30-share index dropped by 207.70 points, or 0.92 per cent, to close at 22,277.23 points. It had lost 230.40 points...
  • Rupee loses 10 paise against dollar 11-04-2014 11:10 AM

    Mumbai: The rupee on Friday lost 10 paise to end the day at 60.17 against the dollar in line with fall in local stocks, amid fresh dollar demand from importers. Dollar gaining strength in overseas markets also hit the local currency, forex dealers said. The dollar index was up by...
  • ICICI reports deposit of Rs 10 cr fake currency notes over several years 09-04-2014 08:15 AM

    Country's largest private sector bank ICICI Bank has lodged an FIR alleging fake currency notes with a face value Rs 10 crore were deposited in its different branches in the past several years. Regional Head of ICICI Bank Manish Pandey lodged an FIR at Hazratganj police station alleging that fake...
  • Drugs, fake currency smuggler arrested in Barmer 01-04-2014 08:09 PM

    A history-sheeter, active in smuggling of drugs and fake currency across Indo-Pak border, was arrested from Barmer, police said today. Acting on a tip-off, police arrested Nabia alias Nawab (58) last night from his house in Gagaria village of Barmer district and recovered three mobile handsets and four SIM cards...
  • Rupee gains 34 paise to end at 8-month high against dollar 26-03-2014 06:19 PM

    Mumbai: In line with rising local equities, the rupee on Wednesday firmed up by 34 paise to close at eighth-month high of 60.14 against the dollar on sustained capital inflows. Dollar selling by exporters and some banks also aided the rupee surge, a forex dealer said. At the Interbank Foreign...
  • Rupee up 23 paise against dollar in early trade 25-03-2014 10:39 AM

    Mumbai: Extending its rising streak, the rupee opened 23 paise up to trade at 60.54 against the US dollar today on heavy capital inflows. Dealers said sustained selling of the American currency by banks and exporters also supported the rupee but a lower opening of the domestic equity market and...
  • British coin that is impossible to replicate 21-03-2014 06:29 PM

    For all those determined forgers out there, here come tiny 'fingerprints' that would make currency notes, coins or credit cards impossible to replicate in near future. A new security technology used in bank notes is being embedded into coins that is expected to help eradicate forgeries of all 1 pound...
  • Rupee ends 24 paise higher at 60.95 against the US dollar 19-03-2014 09:46 AM

    Mumbai: The rupee on Wednesday appreciated 24 paise to close at a nearly one-week high of 60.95 against the dollar following selling of the US currency by exporters and some banks, amid sustained heavy capital inflows. The local currency that logged its best daily gain since March 6 seemed unperturbed...
  • Rupee up 22 paise against dollar in early trade 18-03-2014 09:39 AM

    Mumbai: The rupee gained 22 paise to 60.97 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market on increased selling of the US currency by exporters amid a higher opening in the domestic equity market. Besides, the WPI inflation that eased to a nine-month low...
  • Why the underworld loves bitcoin 16-03-2014 03:12 PM

    Singapore: Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 - and you can double that if it turns out they emptied Mt. Gox. Internet criminals, security experts say, are attracted to bitcoin because of its stratospheric rise...
  • Rupee closes higher by 5 paise at 61.17 against US dollar 13-03-2014 09:23 AM

    Mumbai: The rupee closed higher by 5 paise or 0.08 per cent at 61.17 against the US dollar on Thursday. Earlier in the day, the Indian rupee opened higher at 61.02 per dollar on Thursday as against previous day's closing value of 61.22 a dollar. It immediately breached 61 level...
  • Rupee down 18 paise, opens at 61.12 vs US dollar 12-03-2014 09:36 AM

    Mumbai: The Indian rupee declined in early trade on Wednesday. It opened lower by 18 paise at 61.12 per dollar as against 60.94 a dollar Tuesday. Rohini Malkani of Citi said continued compression in current account deficit (CAD) coupled with a pick-up in capital flows has created a constructive balance...
  • Rupee closes down by nine paise against US dollar 11-03-2014 09:46 AM

    Mumbai: The rupee closed down by nine paise against the US dollar on Tuesday. Earlier in the day, the rupee strengthened by 20 paise to trade at over seven-month high of 60.65 against the US dollar on Tuesday on heavy capital inflows amid a higher opening in the equity market....
  • Rupee closes 22 paise up, at 60.85 vs US dollar 10-03-2014 10:31 AM

    Mumbai: Rising for the fifth day in a row, the rupee on Monday appreciated 22 paise against the US dollar to end at an over seven-month high level of 60.85 on heavy capital inflows into equities that surged to a fresh record. Sustained dollar selling by exporters and some banks...
  • Newsweek's credibility, longevity hinges on bitcoin scoop 08-03-2014 01:48 PM

    New York: A mystery man. A splashy reveal. A media frenzy. Newsweek staked its return from the dead on a story it knew would get attention. A cover story claiming it had uncovered "the face behind bitcoin," the world's most popular digital currency. It got plenty of attention, all right....
  • 'Bitcoin founder' Nakamoto leads Los Angeles car chase, reporters in pursuit 07-03-2014 07:17 AM

    Temple City: A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press. Satoshi Nakamoto, a name known...
  • Dorian Satoshi Nakamoto denies he's Bitcoin founder 07-03-2014 06:42 AM

    Los Angeles: The man Newsweek claims is the founder of Bitcoin denies he had anything to do with the digital currency. In an exclusive two-hour interview with The Associated Press, Dorian Prentice Satoshi Nakamoto, 64, said he had never heard of Bitcoin until his son told him he had been...
  • RBI grants 9 more months to exchange notes printed before 2005 03-03-2014 07:36 PM

    The Reserve Bank on Monday granted an additional nine months for the public to exchange currency notes printed before 2005, including Rs 500 and Rs 1,000 denominations, and set a deadline of January 1, 2015. "RBI has also advised banks to facilitate the exchange of these notes for full value...
  • Rupee closes down by 29 paise at 62.04 against US dollar 03-03-2014 09:54 AM

    Mumbai: Logging its biggest loss in two weeks, the rupee on Monday tumbled 29 paise to 62.04 against the dollar, hit by global risk aversion as the Russia-Ukraine conflict threatens to snowball into a full-fledged war. Downbeat figures of December quarter GDP and fiscal deficit for April-January which were released...
  • Man attempts suicide by cutting his arm for being 'falsely' implicated in fake currency case 27-02-2014 09:07 PM

    An undertrial prisoner lodged at Jaipur Central Jail attempted suicide on February 25 allegingthat he had been falsely implicated, a senior official said on Thursday. Arun Jain (30) facing trial in two criminal cases was rushed to the SMS Medical College and Hospital where his condition was said to be...
  • Rupee down 8 paise against dollar in early trade 26-02-2014 10:22 AM

    Mumbai: Breaking a three-day winning run, the rupee on Wednesday lost 8 paise to 62.02 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency overseas. Forex dealers said apart from month-end demand for the American currency from importers, dollar...
  • Bitcoins simplified: Answers to 10 must-ask questions about the online currency 26-02-2014 07:00 AM

    An explanation of what bitcoins are, how exchanges work, and why many people may have lost a lot of money: 1. Why this resurgent interest in bitcoins? Early Tuesday, the world's most established exchange for bitcoin disappeared from the Internet, sending the price of the virtual currency tumbling and prompting...
  • Bitcoin exchange Mt Gox's website goes offline 25-02-2014 01:35 PM

    Tokyo: The website of major Bitcoin exchange Mt Gox is offline amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency. The URL of the Tokyo-based Mt. Gox was returning a blank page. The disappearance of the site follows the resignation...
  • Fake currency with face value of Rs 26 lakh seized in last 3 years: Minister 20-02-2014 09:11 AM

    Fake currency with face value of over Rs 29 lakh has been seized in Chhattisgarh in the past three years, state Home Minister Ramsewak Paikra on Wednesday told the Assembly. In a written reply to a question from Congress MLA Motilal Dewangan, Paikra said: "Counterfeit currency with face value of...
  • Rupee drops 36 paise to end at 62.20 versus US dollar 18-02-2014 10:16 AM

    Mumbai: The rupee fell 36 paise, its biggest loss in three weeks, to close at 62.20 versus the dollar on Tuesday as pent up demand of the American currency and a drop in regional currencies weighed. The local currency dropped on a day when the equity benchmark Sensex spurted by...
  • Rupee rebounds 49 paise Vs US dollar to end at 3-week high of 61.93 14-02-2014 10:32 AM

    Mumbai: The rupee on Friday bounced back by 49 paise to a three-week closing high of 61.93 against the US dollar, tracking a smart rise in stocks after wholesale inflation fell to an eight-month low. Fresh dollar selling by exporters and a weak American currency in the overseas markets also...
  • Two arrested with fake currency notes in Muzaffarpur 09-02-2014 05:48 PM

    Two people were arrested on Sunday with fake currency notes of face value Rs.3.98 lakh in Bihar's Muzaffarpur district, police said. They were arrested by the Directorate of Revenue Intelligence (DRI) at Maithi when they were on their way to deliver the counterfeit notes at Bettiah, the district headquarters of...
  • Rupee closes lower by 12 paise at 62.68 against dollar 31-01-2014 09:12 AM

    Mumbai: The rupee on Friday closed lower by 12 paise or 0.20 per cent at 62.68 against the US dollar. The rupee gained 17 paise to 62.39 against the dollar in early trade on Friday. Rupee on Wednesday closed at 62.56 to the dollar. Dollar is at one-week high against...