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Tag: Currency

PM Modi inaugurates worlds first Nano Urea Liquid plant in Gandhinagar
Need to make Indian banks, currency important part of int'l trade, supply chain: PM Modi

He also exhorted financial institutions to continuously encourage good financial and corporate governance practices.

Nearly 8.35 Lakh Pieces Of Counterfeit Notes Seized In 2020
Nearly 8.35 Lakh Pieces Of Counterfeit Notes Seized In 2020

The National Crime Records Bureau (NCRB) is the nodal agency which compiles the data on crimes including counterfeit currency notes as reported to it by the states and the Union Territories.

Rupee slips 26 paise to 69.32 vs USD in early trade

Mumbai: The rupee on Friday declined by 26 paise to 69.32 against the US currency in early trade, due to strong dollar demand from banks and importers amid unabated foreign fund outflows. Forex traders said market sentiment took a hit after the US announced additional 10 per cent tariff on USD 300 billion in Chinese […]

India removed from US currency monitoring list, China stays

Washington: The US Treasury Department has removed India from its currency monitoring list of major trading partners. In its semi-annual report to US Congress on International Economic and Exchange Rate Policies, the department on Tuesday removed India and Switzerland from the previous currency watch list of countries with potentially questionable foreign exchange policies. India, along […]

IIT Kharagpur students develop app to detect fake currency

Kolkata: Researchers at IIT Kharagpur have developed a smartphone-based application to detect counterfeit currency and also provided solutions for industrial operations ranging from thermal power plants to nuclear radiation tracking, an official said on Thursday. A group of six students from the Department of Computer Science and Engineering developed the code for a smartphone application […]

US dollar declines as euro climbs

New York: The US dollar declined as euro rose amid positive regional economic data. In late New York trading on Friday, the euro climbed to $1.1662 from $1.1622 in the previous session, and the British pound rose to $1.3261 from $1.3253 in the previous session, Xinhua news agency reported. The Australian dollar went up to […]

Kingpin of Baripada fake note racket arrested

Baripada: In a major breakthrough, Baripada police on Friday arrested Sk Samiluddin, the prime accused, who was running a fake currency racket in the region. Samiluddin, who hails from Balasore, was nabbed basing on an investigation and leads from two students, who were earlier caught circulating fake Rs 2,000 notes in the market on Wednesday. […]

Rs 1.15 lakh cr more currency needed for optimal remonetisation: SBI

Mumbai: The RBI needs to print an additional Rs 1.15 lakh crore-worth of currency notes to reach a level of optimal remonetisation, with Rs 13.12 lakh crore already in circulation as on March 24, the State Bank of India (SBI) said on Friday. “We believe Reserve Bank of India (RBI) should only print Rs 1.15 lakh […]

old notes
Police struggles to exchange old demonetised notes in Mayurbhanj

Baripada: Even as the deadline for depositing old demonetised currencies of Rs 500 and Rs 1000 is over, Jharpokharia police of Mayurbhanj is yet to exchange old cash worth Rs 2.88 lakh and continues to struggle between legal and banking norms. As per sources, the police had approached regional Reserve Bank of India (RBI) office in […]