The bench questioned why such petitions were filed to “waste the time of the Court” and imposed a cost of Rs 10,000 on the petitioner to be paid to the Registrar General for wasting the time of the Court
The rupee hit 65.47 at 1102 hours compared to yesterday's closing level of 65.42 at the forex market.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend and updates from the commodity space.
The semi-annual U.S. Treasury currency report said no countries deserved the currency manipulator label, but it kept China on a currency "monitoring list" despite a fall in China's global current account surplus since 2016. China's currency, the renminbi or yuan, also has strengthened sharply against the dollar this year, reversing three straight years of weakening.
The home currency has now appreciated by 24 paise in the recent leg of rally despite heavy capital outflows.
Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal, saying they could be used to launder money.
Forex market sentiment worldwide wobbled under renewed geopolitical risks amid concerns that North Korea may be preparing another missile test.
Existing Rs 100 currency notes will continue to be legal tender and will be withdrawn gradually, the report said, adding that they will retain their size and dimensions to ensure compatibility with ATMs.
The US dollar ended higher against the rupee at 63.93/94 per dollar and the pound sterling also turned higher at Rs 84.48/50 at the close.
The Indian rupee plunged to hit an intra-day low of 64.18 against the dollar in knee-jerk reaction but managed to pull back magnificently towards the fag-end
The Reserve Bank of India fixed the reference rate of the rupee at 64.0154 against the US dollar and 76.0439 for the euro.
According to the authorities, the accused had planned to get the notes exchanged for valid currency through middlemen.
The decision is expected to help in reducing trading and hedging costs for various entities, including small and medium enterprises.
As of August 4, Venezuela's annual inflation rate stood at 1728 percent. The value of the currency is in a free fall and now it's worth less than the fake gold in the video game World of Warcraft.
The rupee was trading at 108.95 against one US dollar, which was recorded as 3.1 per cent decrease in its value, the lowest since December 2013.
The polling procedure requires RBI to call the ‘contributing banks’ on a randomly selected 5-minute window between 11:30 AM and 12:30 PM, and collect a two-way quote for the USD-INR pair.
The rupee made a tentative recovery of 16 paise at 64.68 against the dollar at the start of the session after banks and exporters hit the sale button for the US currency.
Analysts said the strength in the rupee was also partly due to strength in the domestic equity market and a weak dollar overseas.
The rupee on Wednesday opened 9 paise higher against the dollar at 64.12, as exporters and custodian banks sold the greenback in early trade.
The rupee on Tuesday opened 11 paise stronger against the dollar at 64.13, as exporters and banks sold the greenback heavily in early trade.
US president Donald Trump today suggested that China stopped manipulating its currency as soon as he came into office.
In an interview to CNBC-TV18, Sameer Goel of Deutsche Bank, spoke about his readings and outlook of the rupee market. Equities are doing pretty well and INR is going to outperform, he said.
The biggest buyers of the day were state-owned banks, who were looking to buy dollars when USD-INR was at the 64.60 level.
Watch Manisha Gupta of CNBC-TV18 updating us on all the action from commodities and currency space.
The rupee opened almost flat at 64.42 as against last Thursday's closing level of 64.41 per dollar at the Interbank Foreign Exchange (Forex) Market here today.