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  • Nearly two-thirds of Indians don't hold a single Rs 2,000 note, survey finds May 26, 2023 04:47 PM IST

    Nearly two-thirds of Indians don't hold a single Rs 2,000 note, survey finds

    According to a survey by LocalCircles, 6 percent of respondents held more than Rs 1 lakh in the soon-to-be-withdrawn currency note

  • Dollar gains on resilient U.S. economy, flight to safety May 24, 2023 10:57 PM IST

    Dollar gains on resilient U.S. economy, flight to safety

    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.

  • Dollar gains against yen as Fed policy, debt ceiling in focus May 22, 2023 08:33 PM IST

    Dollar gains against yen as Fed policy, debt ceiling in focus

    The euro gained 0.04% to $1.0810, having hit a more than seven-week low of $1.0760 on Friday.

  • ‘Sensitive To Difficulties, But…’: RBI Governor Shaktinkanta Das Explains Why Rs 2000 Notes Were Withdrawn May 22, 2023 03:56 PM IST

    ‘Sensitive To Difficulties, But…’: RBI Governor Shaktinkanta Das Explains Why Rs 2000 Notes Were Withdrawn

    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!

  • No form or identity proof needed to exchange Rs 2,000 notes, says SBI May 22, 2023 07:42 AM IST

    No form or identity proof needed to exchange Rs 2,000 notes, says SBI

    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.

  • Rs 2,000 ban: Transitional disruptions in ease of doing business likely May 21, 2023 04:58 PM IST

    Rs 2,000 ban: Transitional disruptions in ease of doing business likely

    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.

  • Interview | Former RBI Deputy Governor Gandhi sees no need for notes larger than Rs 500 May 20, 2023 07:17 PM IST

    Interview | Former RBI Deputy Governor Gandhi sees no need for notes larger than Rs 500

    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

  • Recalling Rs 2,000 currency notes not a DeMo shock, but the devil is in the data May 21, 2023 06:36 AM IST

    Recalling Rs 2,000 currency notes not a DeMo shock, but the devil is in the data

    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.

  • Safe-haven dollar climbs to 6-week high, US debt risks in focus May 17, 2023 05:46 PM IST

    Safe-haven dollar climbs to 6-week high, US debt risks in focus

    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.

  • Dollar edges higher after US retail sales; debt ceiling in focus May 16, 2023 07:34 PM IST

    Dollar edges higher after US retail sales; debt ceiling in focus

    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.

  • US dollar falls from five-week high as data, debt ceiling weigh May 15, 2023 08:54 PM IST

    US dollar falls from five-week high as data, debt ceiling weigh

    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.

  • Why OPEC needs oil prices to stay elevated May 12, 2023 04:07 PM IST

    Why OPEC needs oil prices to stay elevated

    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

  • Dollar weakens, euro edges higher after inflation data May 10, 2023 09:05 PM IST

    Dollar weakens, euro edges higher after inflation data

    Following the data, the euro rose 0.24% to $1.0987 while sterling was up 0.14% to $1.2640.

  • Rupee falls 27 paise to close at 82.05 against US dollar May 09, 2023 04:04 PM IST

    Rupee falls 27 paise to close at 82.05 against US dollar

    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.

  • US dollar struggles, pound hits one-year high May 08, 2023 08:45 PM IST

    US dollar struggles, pound hits one-year high

    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.

  • Rupee falls 2 paise to close at 81.80 against US dollar May 08, 2023 04:14 PM IST

    Rupee falls 2 paise to close at 81.80 against US dollar

    During the day, the rupee touched a high of 81.70 and a low of 81.82 against the American currency.

  • Dedollarisation efforts will make only a small dent in the greenback’s dominance May 05, 2023 05:45 PM IST

    Dedollarisation efforts will make only a small dent in the greenback’s dominance

    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

  • Why the renminbi won’t take down the dollar May 03, 2023 05:44 PM IST

    Why the renminbi won’t take down the dollar

    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.

  • US dollar gains as inflation data backs Fed rate hike; yen sinks April 28, 2023 09:14 PM IST

    US dollar gains as inflation data backs Fed rate hike; yen sinks

    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.

  • Euro hovers near one-year high as US outlook clouds over April 27, 2023 05:08 PM IST

    Euro hovers near one-year high as US outlook clouds over

    It was last up 0.05% against the dollar at $1.104, not far off yesterday's one-year peak of $1.1096.

  • Dollar weakens on further signs of slowdown, euro rebounds April 26, 2023 08:58 PM IST

    Dollar weakens on further signs of slowdown, euro rebounds

    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.

  • Euro rises; yen weakens ahead of BOJ meeting April 24, 2023 08:04 PM IST

    Euro rises; yen weakens ahead of BOJ meeting

    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.

  • US dollar slips as investors price in end of rate-hike cycle April 21, 2023 07:34 PM IST

    US dollar slips as investors price in end of rate-hike cycle

    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.

  • Rupee rises 8 paise to close at 82.09 against US dollar April 21, 2023 04:27 PM IST

    Rupee rises 8 paise to close at 82.09 against US dollar

    A muted trend in domestic equities and foreign fund outflows capped the gains in the rupee, traders said.

  • Dollar retreats as weak data backs US recession view April 20, 2023 08:59 PM IST

    Dollar retreats as weak data backs US recession view

    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.