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Latest Articles in currencies

Rupee Regains Strength Against US Dollar, Up 10 Paise At 66.71

The local currency also benefited from a strong rally in local equities as well as subdued greenback overseas

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Modi Government Takes Steps To Ease Impact From Banknote Ban: Key Facts

The government's demonetisation move was aimed at cracking down on the shadow economy, but has brought India's cash economy to a virtual standstill

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Rupee Further Recovers From All-time Low, Regains 9 Paise

The rupee on Friday recovered from its 39-month closing low by rising 9 paise to 68.64 against the dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by banks and exporters

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Rupee Hits New Record Low Of 68.86, Plunges 30 Paise

The rupee on Thursday collapsed to a fresh life-time low of 68.86 against the dollar by crashing 30 paise amid sustained foreign capital outflows with investors being inclined towards US dollar hoping protectionist measures by President-elect Donald Trump

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RBI Intervenes As Rupee Falls To Near Record Low

The central bank was spotted intervening in the foreign exchange market after the rupee fell to as low as 68.8350 per dollar on Thursday, on the verge of surpassing its previous record low of 68.85 in August 2013, traders said

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Indian Rupee Seen Weathering Dollar Surge Better Than Most In Emerging FX

While emerging markets currencies have on average lost 4.6 per cent against the dollar since Trump's election victory on Nov.8, the rupee has lost only 2 per cent

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Chaos, Long Queues Continue At Banks; Most ATMs Run Out Of Cash

Chaotic scenes and seemingly never-ending queues can still be seen outside banks and ATMs as people hustled to get valid currency notes for meeting their daily expenses after the Centre last week demonetised the old higher value bills

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SBI Gets Deposits Of Rs 83,702 Crore In Five Days

State Bank of India on Monday said it has collected Rs 83,702 crore in deposits in the last five days following the government's decision to demonetise the old Rs 500 and Rs 1,000 notes

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Government Sets Up Task Force To Expedite Recalibration Of ATMs

Government has set up a task force under the chairmanship of RBI Deputy Governor S S Mundra to ensure that ATMs across the country are ready to dispense higher denomination notes in the shortest time

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Demonetisation: PM Narendra Modi Takes On Opposition, Says The Poor Are With Him

Asserting that the poor in the country are supporting his demonetisation decision, Prime Minister Narendra Modi on Monday took on the opposition parties, especially Congress, saying it is the corrupt who are sleepless now

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Rs 500, Rs 1,000 Currency Notes Valid For Key Utility Payments Till November 24

With banks struggling to cope with rush to get alternative currency, the government has extended use of old defunct Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24

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Banks Closed On Monday; Queues Get Longer At ATMs

With banks closed in many parts of the country, cash-strapped people started making beeline outside ATMs from early morning but with limited success as most of cash vending machines are running dry

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Government Raises Cap On Bank Cash Withdrawal To Ease Public Anger

The Narendra Modi-led government increased the limit on cash withdrawals from bank accounts to calm public anger as millions of people clamoured for new rupee bills after a shock abolishment of large denomination notes

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