The rupee gained 3 paise to close at 95.42 against the US dollar, supported by a weaker greenback overseas. However, foreign fund outflows, elevated crude oil prices and geopolitical uncertainties kept pressure on the domestic currency
The rupee weakened 12 paise to 95.45 against the US dollar on Thursday as weak domestic markets, foreign fund outflows and geopolitical concerns pressured investor sentiment. Strong dollar demand also weighed on the currency, while crude prices and RBI intervention offered support
Nepal has allowed Indian and Nepali citizens to carry Indian Rs 200 and Rs 500 notes up to INR 25,000, if issued after November 9, 2016. The move aims to ease currency movement, boost tourism and facilitate cross-border trade
The rupee appreciated 31 paise to 94.24 against the US dollar in early trade on Thursday, supported by falling global crude oil prices, a weaker dollar index and positive domestic equity market sentiment. However, continued foreign institutional investor outflows limited further gains in the local currency
According to RBI data, Rs 2,000 denomination banknotes worth Rs 5,817 crore remain in circulation. Since their withdrawal announcement in May 2023, 98.37 per cent of the notes have been returned. The Rs 2,000 notes continue to be legal tender, the RBI clarified.
Customs officials seized an undeclared Indian currency valued at Rs 4,42,060 lakh and demonetised notes worth Rs 29,41,000 at Kochin International Airport from two passengers.
Mumbai: The Indian rupee slumped below 78 against the US dollar on Monday dragged by foreign fund outflows amid selloffs in the stock markets. The rupee breached the 78 mark against the US dollar for the first time. At the interbank foreign exchange market, the partially convertible rupee started the day at 78.14 per dollar […]
The decline in the Index of Industrial Production (IIP) was 10.8 per cent in July. The contraction in August stood at 8 per cent, as per the latest data.
