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30 Aug 2024

Rupee Rises 7 Paise To 83.82 Against US Dollar in Early Trade

At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.

Ukraine central bank

23 Feb 2023

Ukraine Unveils Banknote to Mark First Anniversary of Russian Invasion

The central bank has worked hard since the full-scale invasion on Feb. 24 last year to keep the economy afloat and maintain stability.

02 Jun 2017

Rupee zooms to 1-week high of 64.44 against dollar

Stretching its strong recovery momentum for the third straight day, the rupee on Friday rose by 4 paise to a fresh one-week high of 64.44 against the US dollar on sustained selling of the American currency by exporters.

07 Apr 2016

Rupee snaps 2-day losing streak vs dollar, up 19 paise

Snapping its two-day losing streak, the rupee today gained 19 paise to close at 66.47 a dollar on fresh selling of dollars by banks and exporters as the US currency weakened in global markets.

21 Aug 2015

Barclays must face US class action over Libor

Barclays Plc shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday.

20 May 2015

US, Britain fine six top banks nearly $6 bn for forex, Libor abuses

The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.

15 May 2015

US demands guilty plea in forex rigging deal: JPMorgan

JPMorgan Chase said Thursday that the US Justice Department will require the bank to plead guilty to settle charges it conspired with other banks to rig the foreign exchange market.

29 Apr 2015

Barclays bank warns forex charge could top £2 billion

Scandal-hit bank Barclays warned Wednesday that fines over its alleged role in foreign exchange market rigging could top £2.0 billion ($3.1 billion, 2.8 billion euros), after posting plunging first-quarter net profits.

29 Jan 2015

India not yet ready for full rupee convertibility: Khan

India is not yet ready for full capital account convertibility of rupee as the country is an expanding economy and need stability on the external front, Reserve Bank deputy governor H R Khan said.

09 Dec 2014

Citigroup sets $3.5 bn Q4 charge for legal, other costs

Citigroup plans to take a $3.5 billion charge in the fourth quarter to cover legal and restructuring costs, chief executive Michael Corbat said Tuesday.

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