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.