Tag: Currency

rbi: India's currency in circulation falls further post RBI currency withdrawal move
Posted in Economy

rbi: India’s currency in circulation falls further post RBI currency withdrawal move

India‘s currency in circulation dropped for a second consecutive week after the central bank withdrew the country’s highest value currency note in May, advising people…

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Posted in Economy

Around 91,110 pieces of fake Rs 500 notes detected in FY23: RBI report

Around 91,110 pieces of fake Rs 500 notes were detected in FY23, the Reserve Bank of India said in its annual report. During 2022-23, out…

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Gold prices shot up today.(REUTERS)
Posted in Business

Gold, silver prices on May 24: Check latest rates in your city

Gold prices have seen a marginal increase on Wednesday, according to Goodreturns.com. The price of 10 gram of 22-carat gold has shot up to ₹56,250…

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2000 note: Rs 2,000 note completed its life cycle, it was time to take it out of circulation: RBI Guv Das
Posted in Economy

2000 note: Rs 2,000 note completed its life cycle, it was time to take it out of circulation: RBI Guv Das

The purpose of introducing the Rs 2,000 note was fulfilled, it completed its life cycle and as such, it had to be taken out of…

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Posted in Economy

shaktikanta das: Fate of Rs 2,000 notes after September? Call closer to deadline: RBI governor Shaktikanta Das

New Delhi: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said authorities will take a decision on ₹2,000 notes closer to the September…

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rbi spot forex market: RBI bought net $750 mn in spot forex market in March- Bulletin
Posted in Economy

rbi spot forex market: RBI bought net $750 mn in spot forex market in March- Bulletin

The Reserve Bank of India (RBI) bought $750 million on a net basis in the spot foreign exchange market in March, data released on Monday…

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Withdrawal of Rs 2,000 notes will have no perceptible effect on economy: Panagariya
Posted in Economy

Withdrawal of Rs 2,000 notes will have no perceptible effect on economy: Panagariya

The RBI’s decision to withdraw Rs 2,000 currency notes from circulation will not have any ‘perceptible effect’ on the economy as any such notes returned…

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The Economic Times
Posted in Economy

RBI withdraws Rs 2,000 notes from circulation; public gets time to exchange it till September 30 – The Economic Times Video

Currency notes of Rs 2,000 denomination will be withdrawn from circulation, said a Reserve Bank of India circular dated May 19. The notes will continue…

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S&P retains India credit rating; expects sound fundamentals to underpin growth
Posted in Economy

S&P retains India credit rating; expects sound fundamentals to underpin growth

The Indian economy is performing well amid challenging global conditions and sound fundamentals will underpin its growth over the next two to three years, S&P…

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India Forex Reserves: India's forex reserves rises to 11-month high of $595.98 billion
Posted in Economy

India Forex Reserves: India’s forex reserves rises to 11-month high of $595.98 billion

India’s foreign exchange reserves saw a rise of $7.196 billion to $$595.98 billion as on May 5, 2023, data from the Reserve Bank of India…

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