CURRENCY

  • Rupee recovers after hitting over 10-month low, ends at 62.29 vs dollar 1 week ago

    Mumbai: The Indian rupee on Friday fell to over ten-month low of 62.50 against the greenback but bounced back to end at 62.29 on selling of dollars by state-run banks on behalf of the RBI. The rise on Friday helped the rupee snap four days of decline where it cumulatively lost...
  • Rupee tumbles to 10-month low vs dollar, down 31 paise at 62.33 December 11, 2014

    Mumbai: The rupee on Thursday plummeted to 10-month low of 62.33 versus the greenback, down 31 paise, on strong dollar demand due to oil firms stepping up purchases of crude oil trading near 5-year lows and a weak trend in shares. Logging its fourth consecutive session of decline, the local currency...
  • Rupee falls to over 1-week low vs US dollar, down 14 paise at 62.02 December 10, 2014

    Mumbai: Falling for the third day, Indian rupee on Wednesday weakened by 14 paise to close at over one-week low of 62.02 against the Greenback on sustained dollar demand from importers and fresh capital outflows. Some hesitancy in local equities and a stable dollar overseas had no major impact on the...
  • Rupee down 7 paise against dollar in early trade December 9, 2014

    Mumbai: The rupee depreciated by another 7 paise to 61.90 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange on sustained demand for the American currency from banks and importers amid a weak opening in the equity market. Besides, widening current account deficit to $10.1 billion...
  • Rupee down 17 paise against dollar in early trade December 8, 2014

    Mumbai: The rupee weakened by 17 paise to 61.94 against the US dollar in early trade on Monday on fresh demand for the American currency from banks and importers. Gains in the US dollar against major global currencies after data last week showed a better-than-expected jump in US jobs creation put...
  • Rupee down 10 paise against dollar in early trade November 11, 2014

    Mumbai: The rupee weakened by 10 paise to 61.60 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange due to increased demand for the US currency from importers. Forex dealers attributed the rupee's weakness to increased demand for the US currency from importers and its strength against...
  • Man charged with with passing counterfeit $20 bills at yard sale run by a bank teller, police say November 11, 2014

    Kittanning, Pa.: State police say a western Pennsylvania man has been charged with passing counterfeit $20 bills at a yard sale run by the wrong woman - a bank teller. Trooper Terry Geibel says the teller is trained to know the look and feel of real money. The (Kittanning) Leader-Times reports that...
  • Rupee gains 12 paise against dollar, ends at 61.50 November 10, 2014

    Mumbai: Snapping the three-day losing streak, the rupee on Monday gained 12 paise at 61.50 against the dollar on fresh selling of the US currency by banks and exporters on the back of strong capital inflows. A weak dollar in the overseas market also boosted...
  • Rupee depreciates four paise vs US dollar to end at 61.40 November 3, 2014

    Mumbai: The Indian rupee on Monday depreciated by four paise to close at 61.40 against the Greenback on moderate dollar demand from importers, amid some hesitancy in equities. A better dollar overseas also weighed on the rupee while sustained capital inflows restricted the rupee fall. At the Interbank Foreign Exchange (Forex)...
  • Rupee up 14 paise against dollar in early trade October 22, 2014

    Mumbai: Maintaining its rising trend for the fourth straight day, the rupee strengthened by another 14 paise to 61.17 against the US dollar in early trade on Wednesday on sustained foreign capital inflows amid government announcing key reforms in the oil and gas sector. In a much-awaited reform, the government recently...
  • Rupee gains 14 paise against dollar at 61.61 October 1, 2014

    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 September 29, 2014

    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 September 29, 2014

    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 September 26, 2014

    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 September 25, 2014

    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 15, 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...