Tag: Currency
India may let foreign investors raise capital in rupees to invest overseas, source says
NEW DELHI: India may allow certain foreign investors to raise capital in rupees for investments in select countries, a government official said, in a move…
rupee: Digitalisation will help rupee become global: RBI report
Digitalisation will hasten internationalisation of the rupee, which will result in lowering transaction costs for cross-border trade and investment operations and lower exchange rate risk,…
Syrian president doubles public sector wages as national currency spirals downwards
BEIRUT: Syria‘s president early Wednesday doubled public sector wages and pensions as the war-torn country’s national currency spiraled further downwards, reaching a new low for…
Deposit Boom With ₹2,000 Notes May Not Last: Bankers
(This story originally appeared in on Aug 16, 2023) MUMBAI: Currency with the public has dropped by Rs 1.56 lakh crore to nearly Rs 32.2…
Gold, Silver prices in India: Check latest rates of your city on June 30
Gold prices in India saw a moderate gain of ₹10 per gram on Friday with a gram of 22-carat gold costing ₹5,395, according to figures…
India’s rating upgrade hinges on sustainable fiscal consolidation, low inflation – S&P analyst
S&P Global Ratings could consider an upgrade in India’s sovereign rating if the country’s fiscal metrics improve on a sustained basis and inflation is persistently…
shaktikanta das: More than two-thirds of Rs 2,000 notes returned within a month of withdrawal: Das
Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have…
india: India sees over 72% of withdrawn Rs 2,000 notes taken to banks: Report
India has seen over 72% of withdrawn Rs 2,000 currency notes deposited or exchanged at banks so far, a month after the withdrawal started, CNBC…
RBI denies reports of missing banknotes, assures proper accounting and systems in place
The Reserve Bank of India (RBI) has refuted recent reports about missing banknotes printed by banknote printing presses. The RBI clarified that these reports were…
Forex reserves: India’s forex reserves up $5.9 billion to $595.1 billion as on June 2
Snapping a two-week falling streak, India’s foreign exchange reserves saw a rise of $5.929 billion and stood at $595.067 billion as on June 2, 2023,…