-
May 26, 2023 04:47 PM IST According to a survey by LocalCircles, 6 percent of respondents held more than Rs 1 lakh in the soon-to-be-withdrawn currency note
-
May 24, 2023 10:57 PM IST The dollar index, which tracks the U.S. currency against six major peers, hit 103.91, its highest since March 20. The index last rose 0.299% at 103.83.
- May 22, 2023 08:33 PM IST
The euro gained 0.04% to $1.0810, having hit a more than seven-week low of $1.0760 on Friday.
- May 22, 2023 03:56 PM IST
RBI Governor Shaktikanta Das explains the rationale behind withdrawing Rs 2000 notes, says it’s part of a currency management exercise. He also sought to calm concerns regarding the exchange, saying that the RBI will be sensitive to any difficulties faced by the public. Watch!
- May 22, 2023 07:42 AM IST
The clarification comes after a 'requisition form' started doing the rounds on social media, with claims that the slip would have to be filled to exchange or deposit Rs 2,000 notes. The 'form' also asked for a proof of identity.
- May 21, 2023 04:58 PM IST
As the Rs 2,000 banknote is still legal tender in India, the likelihood of economic disruptions is comparatively lesser. However, the ease of transactions will be disrupted post the RBI’s decision to withdraw Rs 2,000 notes.
- May 20, 2023 07:17 PM IST
According to Gandhi, who handled RBI's currency management department, the introduction of the Rs 2,000 note in 2016 was a 'short-term tactical decision' to quickly remonetise the economy post-demonetisation
- May 21, 2023 06:36 AM IST
The Rs 2,000 note had a short life of less than seven years. But, in its dying days, it may end up yielding rich data and insights on the complex array of India’s cash economy: financial, behavioural, and cultural.
- May 17, 2023 05:46 PM IST
Against a basket of peers, including the euro, yen and sterling, the dollar index rose 0.25% to 102.86, after earlier touching its highest since early April.
- May 16, 2023 07:34 PM IST
The dollar index was last slightly up on the day at 102.43. Against the yen, the greenback was also modestly higher at 136.155 yen.
- May 15, 2023 08:54 PM IST
In emerging markets, the Turkish lira sank to a near record low as weekend elections looked headed for a runoff, while the Thai baht rallied after a more decisive election result.
- May 12, 2023 04:07 PM IST
The declining value of the dollar and the inflationary conditions in the world will continue to keep OPEC worried about the level of their oil export revenues and hence their actions to keep the supplies tight and prices higher
- May 10, 2023 09:05 PM IST
Following the data, the euro rose 0.24% to $1.0987 while sterling was up 0.14% to $1.2640.
- May 09, 2023 04:04 PM IST
At the interbank foreign exchange, the domestic unit opened at 81.84 against the dollar and slipped below the 82 levels to close at 82.05 (provisional), down 27 paise from its previous close.
- May 08, 2023 08:45 PM IST
The dollar index, which measures the currency against six rivals, was down 0.1% in late morning trading at 101.21, a better showing than the one-year low of 100.78 reached last month.
- May 08, 2023 04:14 PM IST
During the day, the rupee touched a high of 81.70 and a low of 81.82 against the American currency.
- May 05, 2023 05:45 PM IST
Transactions involving yuan jumped by a whopping 70 percent in the last three years, yet, it accounts for only seven percent of that total of international transactions. This shows that dislodging of the dollar as a global anchor currency will not happen anytime soon
- May 03, 2023 05:44 PM IST
As the world gradually splits into blocs led by the US and China, there are expectations that the renminbi will start to challenge the dollar’s position as the world’s reserve currency. These expectations may be proven wrong, economists say.
- April 28, 2023 09:14 PM IST
The US dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to raise interest rates at next week's monetary policy meeting.
- April 27, 2023 05:08 PM IST
It was last up 0.05% against the dollar at $1.104, not far off yesterday's one-year peak of $1.1096.
- April 26, 2023 08:58 PM IST
The dollar index, which measures the currency against six major rivals, fell 0.422% as new orders for key U.S.-manufactured capital goods fell more than expected last month, the Commerce Department said.
- April 24, 2023 08:04 PM IST
The euro was up 0.3% against the dollar at $1.1023, back above $1.10 for the first time since it hit a 14-month high of $1.10755 earlier this month.
- April 21, 2023 07:34 PM IST
The dollar index, which measures the performance of the U.S. currency against six others, slipped 0.1% on the day to 101.70 and headed for a weekly gain of about 0.2%, its first since late February.
- April 21, 2023 04:27 PM IST
A muted trend in domestic equities and foreign fund outflows capped the gains in the rupee, traders said.
- April 20, 2023 08:59 PM IST
The greenback hit session lows against the yen and euro after data showed higher weekly jobless claims, a precipitous drop in mid-Atlantic business activity, and lower existing home sales.
