Sensex, Nifty surge 1% on Trump's lead in U.S. elections; rupee hits record low
IT index rises over 1%, led by sectoral heavyweights TCS, HCL Tech, Infosys, and Tech Mahindra.
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RBI asks banks to settle U.A.E. trade in rupee: Report
This comes a month after PM Modi and U.A.E. President discussed developing the local currency settlement system between the two countries to settle bilateral trade.
Uday Kotak clarifies after calling U.S. dollar ‘biggest financial terrorist’
Kotak Mahindra Bank CEO says he meant a reserve currency has disproportionate power
Bangladesh joins Rupee cohort, sign deals to settle trade in rupees
The BIS Triennial Central Bank Survey of 2022 reports that only 1.62% of global transactions are settled in Indian rupee
Currency in circulation rises to ₹31.33 lakh cr from ₹13 lakh cr in 2014: Govt
The increase in currency was seen despite the Modi govt’s demonetisation drive in 2016, which was implemented to reduce the amount of relative cash in circulation in the country.
Six years since note ban, cash in circulation nearly doubles to ₹31 lakh cr
The value of the total currency in March this year has gone up 89% to ₹31,05,721 crore, compared with Rs 16,41, 571 crore as of March 2016.
Rupee least disruptive among peers: RBI Governor Das
As per the RBI data, between the April and October period this year, the foreign direct investment (FDI) flows stood at $22.7 billion as against $21.3 billion in the same period last year.
Rupee holding ground amid strengthening U.S. dollar: FM
Rupee will find its own level, says Nirmala Sitharaman
Indian economy on a sustained revival path: FM
In her ongoing official visit to the US, FM held a high-level meeting with the US Treasury Secretary Janet Yellen. FM also attended G20 finance ministers and central bank governor (FMCBG) meetings.
Rupee falls to record low of 82.69 against US dollar
The rupee opened at 82.68 against the US dollar at the interbank foreign exchange.
