Page 13 - Currency

No plan to print currency notes to tide over economic crisis: Sitharaman

Many economists and experts have suggested the government to resort to printing more currency notes to support the economy

Rupee slips 4 paise to 74.44 against US dollar in early trade

The Indian rupee depreciated 4 paise to 74.44 against the US dollar in opening trade on Monday, as investors are awaiting cues from the US Fed's policy decision, due this week. At the interbank foreign exchange, the rupee opened at 74.43 against the dollar, then fell further to 74.44, registering a fall of 4 paise over its previous close. On Friday, the rupee had settled at 74.40 against the US dollar. "As markets brace up for the FED meeting on July 28, all currencies are consolidating in their respective small ranges," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. USD/INR is expected to keep a range of 74.30 to 74.70 for the day, Bhansali said, adding that "importers to buy cash near the lower end of the range while exporters to sell at the higher end". Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.05 per cent at 92.86. "Investors will be closely eyed to assess the timing of the

Pak currency falls by 64 paisa against US dollar on import payments' demand

Pakistan's currency has dropped by 64 paise against the dollar, owing to the high demand for import payments on the last day of the trading week

Rupee's wild ride may end as foreign inflows surge: Credit Agricole CIB

Higher foreign inflows and the prospect of the RBI moving to control inflation may help control the rupee's volatility

Rupee depreciates 12 paise to 74.61 against US dollar in early trade

The Indian rupee depreciated 12 paise to 74.61 against the US dollar in opening trade on Wednesday as firm American currency and weak domestic equities weighed on investor sentiment

Currency notes worth Rs 5 lakh allegedly stolen from Nashik press

Currency notes worth Rs 5 lakh were stolen from the Currency Note Press (CNP) at Nashik in Maharashtra over the last five months by unidentified persons, police said on Tuesday.

Rupee slides toward year's low against dollar as trade deficit widens

The Reserve Bank of India also has $600 billion of currency reserves to draw on to curb any sharp fall in the rupee

Cash is still king, for now: Diamond sale dims cryptocurrency hopes

A 101.38-carat diamond was sold by Sotheby's for HK$95.1 million ($12.3 million) to an unknown buyer using traditional currency, disappointing cryptocurrency fans

Rupee surges 12 paise to Rs 74.25 against US dollar in early trade

The Indian rupee strengthened by 12 paise to 74.25 against the US dollar in early trade on Wednesday even as the domestic equity market was trading with significant losses

US Fed surprise may herald new era of Asian currency weakness

Almost all developing Asian currencies were lower against the greenback after Fed released forecasts that showed officials anticipate two interest-rate increases by end of 2023, sooner than thought.

Rupee depreciates 33 paise to 73.65 against US dollar in early trade

The Indian rupee slipped 33 paise to 73.65 against the US dollar in early trade on Thursday, amid the strengthening of the greenback in the overseas market

Record run in emerging-market currencies is now stirring worry

Meanwhile, implied volatility in developing currencies is rising for the first time in two weeks, according to a JPMorgan Chase & Co. gauge, raising hedging costs and denting the appeal of higher-yiel

Dollar little changed as traders seek direction from Fed Reserve meeting

The yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4

El Salvador becomes first country to adopt Bitcoin as legal tender

The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May.

Rupee depreciattes 16 paise to 73.07 against US dollar in early trade

The Indian rupee slumped 16 paise to 73.07 against the US dollar in opening trade on Friday after the Reserve Bank kept policy rates unchanged for the sixth time in a row

Rupee depreciates 9 paise to 73.18 against US dollar in early trade

The Indian rupee slumped 9 paise to 73.18 against the US dollar in opening trade on Thursday tracking strengthening of the American currency in the overseas market.

Rupee depreciates 27 paise to 73.17 against US dollar in early trade

The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency

Rupee falls for 2nd day, declines 28 paise to 72.90 against dollar

Extending losses for the second straight session, the rupee on Tuesday fell by another 28 paise to end at 72.90 against the US dollar in line with muted domestic equities

Rupee comes back stronger on bets India's Covid crisis may be easing

India's currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation's daily infections decline.

Unfair charge

India is not using currency to gain unfair advantage