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India rupees News

20 Oct 2015

Rupee ends above 65-mark vs dollar, down 25 paise

The domestic currency opened sharply lower at 64.95 as against yesterday's level of 64.80 at the Interbank Foreign Exchange (forex) market.

30 Aug 2015

Cost of money has to come down to achieve 8-10% growth: Arun Jaitley

Jaitley added that stalled projects have to be expedited and they will lead 'Make in India' programme.

12 Aug 2015

When Mumbaikars fished Rs 1,000 currency notes out of Gateway waters

Rs 1,000 denomination currency notes were noticed floating in the water near Gateway of India.

Currency printing cost

02 Jul 2015

Cost of printing a one-rupee note is Rs 1.14

The cost of printing one rupee note, which was recently re-introduced after a gap of 20 years, is Rs 1.14, more than its value, an RTI query has revealed.

22 Jun 2015

Greek tragedy may see RBI selling $15-bn to defend Re at 65

If the much-awaited Greek deal fails, the Reserve Bank will have to sell as much as USD 15 billion to defend the rupee at 65 levels, says a report.

India Finance Minister

01 May 2015

Government to make all international transactions transparent by 2017: Jaitley

Finance Minister Arun Jaitley on Friday said that the country needs a law to prevent money laundering, adding that the systems are broadly in place.

06 Jan 2015

2015 to see lower rates to support growth; 1st cut in Feb: BofA

According to BofA-ML, the INR would appreciate when the RBI cuts rates and its forex strategist with rupee likely to trade at Rs 62/USD levels in March 2015.

Reserve Bank panel

05 Dec 2014

Don't replace Gandhi with other leaders on banknotes: RBI panel

A Reserve Bank panel has decided against the inclusion of any other national leader's image on banknotes saying that no other personality could better represent the ethos of India than Mahatma Gandhi.

11 Sep 2014

India's debt limit auction attracts strong foreign investor demand

India attracted 49.63 billion rupees ($814.61 million) worth of bids from foreign investors in its auction of government debt limits on Thursday, much higher than the 30.17 billion rupees on offer, according to two dealers.

10 Sep 2014

RBI net buyer of dollars for 4th month, scoops up $5.4 b in July

The central bank's intervention in the foreign exchange market is to curb volatility in the currency market.

12 Aug 2014

RBI sparks confusion despite $4.1 billion in cash injections

Although the overnight cash rate closed at 8.00/8.05 percent, in line with the repo rate, it fluctuated in a wide 8.00 percent to 8.80 percent range through the session.

12 Aug 2014

RBI net buys $597 mn in spot forex market for 3rd month in June

The Reserve Bank became net purchaser of dollars for the third consecutive month in June this fiscal as it bought USD 597 million from the spot market.

17 Jun 2014

Rupee at a fresh six-week low of 60.50 against USD

The price rise of essential food items like vegetables, fruits and cereals, pushed up inflation to five-month high of 6.01 percent in May.

09 Jun 2014

RBI steps in to check rupee gains: Traders

The Reserve Bank of India was spotted buying dollars via state-run banks starting around 58.99-59.00, three traders said, continuing its heavy intervention to curb strength in the rupee.

06 Jun 2014

Rupee rises most in a fortnight, up 16 p Vs $ to end at 59.17

Dollar selling by exporters also aided the rupee rise while the dollar index was up marginally.

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