Currency

  • Rupee gains 14 paise against dollar at 61.61 -277332136 minutes ago

    Mumbai: Mumbai: Recovering from nearly seven-month low level, the rupee on Wednesday closed 14 paise higher at 61.61 against the US currency amid fresh dollar selling by exporters and some banks ahead of long weekend holidays. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced lower at 61.92 and...
  • Delhi: CBI arrests person with fake currency 2 days ago

    New Delhi: CBI has arrested another fake currency racketeer for allegedly possessing fake currency notes having face value of Rs 4.98 lakh. "CBI intercepted one person at Malda Railway Station (West Bengal) and recovered FICNs having face value of Rs 4.98 lakh (approximately) from his possession," a CBI spokesperson said...
  • Rupee down 25 paise against dollar in early trade 2 days ago

    Mumbai: The rupee depreciated by 25 paise to 61.40 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to month-end demand for the US currency from importers amid a weak opening in the domestic equity market. Forex dealers said besides the dollar's gains against other...
  • Rupee breaks 4-day losing trend; ends 19 paise higher Vs US dollar 5 days ago

    Mumbai: Snapping four days of losing streak, the rupee today recovered by 19 paise to close at 61.15 against the dollar in tune with local equities. Forex dealers said late selling of US currency by exporters and some banks helped the domestic unit to rise. At the Interbank Foreign Exchange (Forex)...
  • Rupee down 5 paise against dollar in early trade 6 days ago

    Mumbai: Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange market on high demand for the American currency from importers. Forex dealers said though increased demand for the US...
  • Rupee gains on foreign flows, but falls for the week September 19, 2014

    Mumbai: The rupee rose for a fourth consecutive session on Friday, boosted by strong foreign fund flows into markets, although the local currency fell against the dollar for the week, in line with losses in other emerging Asian currencies. Scotland's decision to stay in the United Kingdom also eased investor concerns...
  • Watch: Scotland's currency dilemma September 18, 2014

    The people of Scotland will vote on Thursday whether to seek independence from the United Kingdom. In the final few days of campaigning for Scottish independence, currency is one of the big campaign battlegrounds. CNN's Nina Dos Santos takes a look at why it is causing so many disagreements. ...
  • Rupee gains for 3rd day, rises 8 paise vs USD to end at 60.84 September 18, 2014

    Mumbai: Rebounding from onemonth lows, the Indian rupee on Thursday ended eight paise higher at 60.84 against the greenback following late dollar selling by exporters and a strong rally in local shares. A fall in dollar value abroad against major rivals also helped rupee recover from early losses as US Federal...
  • Rupee jumps 13 paisa vs dollar ahead of US Fed policy meet outcome September 17, 2014

    Mumbai: The Indian rupee appreciated for the second day in a row and ended 13 paise higher at 60.92 against the Greenback following sustained dollar selling by exporters ahead of a decision on US interest rates by Federal Reserve. A weak dollar overseas also aided the rupee rise while fresh selloff...
  • Rupee up 11 paise against dollar in early trade September 16, 2014

    Mumbai: The rupee recovered from over onemonth low by rising 11 paise to 61.02 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market on selling of the American currency by exporters and banks. Forex dealers said besides fresh selling of the American currency by exporters and...
  • Scottish independence: Currency one of the campaign battlegounds September 16, 2014

    In the final few days of campaigning for Scottish independence, currency is one of the big campaign battlegrounds. Scotland surrendered its coinage 307 years ago when it became a part of the United Kingdom. Now with the chance to reclaim its own sovereignty, there's one part of the UK proindependence...
  • Rupee tanks 48 paise to 1month low of 61.13 vs US dollar September 16, 2014

    Mumbai: The Indian rupee on Monday plunged 48 paise, logging its biggest fall in more than five weeks, to close at over onemonth low of 61.13 against the greenback following fresh dollar demand from importers and negative cues from local equities. A strong surge in dollar overseas also kept the rupee...
  • Tamil Nadu: Fake currency notes seized; one held September 13, 2014

    Chennai: A 24yearold man from West Bengalhas been arrested for alleged possession of fake Indian currency notes with a total face value of Rs 88,000, police said on Saturday. Partha Pathru was arrested on Friday when he tried to buy a pack of cigarettes, trying to exchange a Rs 1,000...
  • Currency question at the heart of the Scottish debate September 10, 2014

    London: There'll be no going back if Scotland votes for independence from the United Kingdom on September 18. Opinion polls showing that may happen have prompted investors to sell off the British pound. If a knockout blow is dealt to Scotland's 307year union with England, that selling could accelerate as the...
  • Government of India can print Re 1 note: Law Ministry September 7, 2014

    New Delhi: Putting to rest the debate on printing of one rupee notes, the Law Ministry has opined that the Government of India has all the powers to print currency notes of this denomination. While the Reserve Bank of India (RBI) has the authority to issue bank notes of denominational values...
  • Delhi: Fake currency with face value Rs 2.5 lakhs recovered, 3 held September 3, 2014

    New Delhi: Delhi Police on Wednesday claimed to have busted an interstate counterfeit currency racket with the arrest of three persons and also recovered of Fake Indian currency notes (FICN) of face value more than Rs 2.5 lakh. Police said that Rs two lakhs FICN out of the recovered amount...
  • Rupee at 2 week low of 60.68 on sustained dollar demand September 2, 2014

    Mumbai: The rupee hit twoweek closing low of 60.68 by losing 15 paise against the dollar on consistent demand for the US currency from importers and some banks on strong global cues, continuing its downward trend for the fourth straight session. The dollar gaining strength against its rivals mainly weighed...
  • Ecuador to launch the world's first governmentissued digital currency August 29, 2014

    Quito: Ecuador is planning to create the world's first governmentissued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the US dollar, which the government cannot control. The virtual currency, which Central Bank officials say they expect will start circulating in December, does...
  • Six criminals rob man of foreign currency, ornaments August 11, 2014

    Six unidentified persons looted cash including foreign currency and other valuables worth Rs 3 lakhs from a man who was returning to his native village in Muzaffarnagarfrom Saudi Arabia, police said. Six armed men came in a car and intercepted the victim Nafis' car on DelhiDehradun National highway near here yesterday,...
  • Rupee up 13 paise against dollar in early trade August 11, 2014

    Mumbai: The rupee strengthened by 13 paise to 61.02 against the dollar in early trade at the Interbank Foreign Exchange market on Monday on increased selling of the American currency by exporters and banks. Besides, the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market...
  • Rupee rises 7 paise Vs US dollar to end at over 2week high of 60.06 July 30, 2014

    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 twoweek 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 1week low of 60.13 vs dollar July 28, 2014

    Mumbai: The rupee on Monday ended lower by 3 paise to end at nearly a oneweek low of 60.13 against the American currency on monthend 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 July 27, 2014

    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 July 26, 2014

    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 twoweek 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 1month 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 onemonth 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 Modiled 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...