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Currencies News

22 Aug 2017

Kerala: Demonetised currencies with face value of Rs 1 cr seized, one arrested

Following a tip-off, police intercepted two cars yesterday seized the currencies and arrested Shamir, police said.

26 Jan 2017

US new home sales fall; weekly jobless claims rise

New US single-family home sales fell to a 10-month low in December after three straight months of solid gains, but the housing market recovery remains intact as a tightening labor market boosts wage growth.

22 Oct 2016

FCNR payments, strong US dollar deplete India's forex reserves

A strengthened US dollar and FCNR B (Foreign Currency Non Resident Bank) payments, drained $1.50 billion from India`s foreign exchange (Forex) kitty, experts said on Saturday.

foreign currency assets

24 Jun 2016

Forex reserves touch a life-time high of $363.8 billion

Foreign exchange reserves hit a life-time high of USD 363.8 billion after it rose USD 592.1 million in the week ended June 17, the Reserve Bank said on Friday.

06 Oct 2015

China yuan overtakes yen in global payment rankings: SWIFT

China's yuan has overtaken the Japanese yen and moved into fourth place among the world's payments currencies, global transactions organisation SWIFT said today, as Beijing pushes greater international use of its currency.

03 Sep 2015

Asian shares stage patchy recovery but volatility remains high

Japan`s Nikkei rose for the first time in four days, gaining 1.4 percent, while South Korea`s Kospi edge up 0.4 percent, although MSCI`s broadest index of Asia-Pacific shares outside Japan erased early gains.

19 May 2015

Despite dip, rupee relatively stable: Raghuram Rajan

The depreciation of the rupee is due in part to the U.S. dollar`s strength and it has fallen less, and in a less volatile fashion, than other currencies, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Tuesday.

22 Jul 2014

Dollar little changed ahead of housing, inflation data

The report follows some other recent data showing higher inflation, although US Federal Reserve Chair Janet Yellen and others have downplayed those reports.

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