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Indian Rupee gains to 53 levels 24 September 2012
With the value of rupee rising against the US dollar, the value has increased to the 53 levels while the dollar was continually being sold by the exporters and other banks who were intimidated by the gain of the rupee's...
Keywords: trading, Rupee, trading, Yen
Read MorePM calls emergency meeting over economy crisis 16 August 2013
India's currency has taken a beating. Currently, the Rupee is at its lowest low of 62 against the Dollar. Moreover, the Sensex crashed more than 700 points, creating chaos. This has prompted Prime Minister Manmohan Singh to call on a...
Keywords: RBI, Meeting to discuss economic crisis, Indian currency, declining economy
Read MoreWhy is RBI withdrawing pre 2005 currency notes? 23 January 2014
The Reserve Bank of India (RBI) on Wednesday announced it would withdraw all currency notes issued before 2005, including those having higher denominations of Rs 500 and Rs 1,000 after March 31st. This move of RBI is aimed at such...
Keywords: RBI Statement on currency notes, Indian currency notes, 500 and 1000 Rupee notes of RBI, Reserve Bank of India
Read MoreBipasha Basu Borrows Money to Buy Eggs 10 November 2016
After Prime Minister Narendra Modi announced the withdrawal of Rs. 500 and Rs.1000 in order to curb black money, not only middle class people are finding it difficult to live but even celebrities are facing tough time. In a recent...
Keywords: Bipasha Basu, announcement, money, loan
Read MorePlastic currency to take over? 09 May 2013
So far only bank cards are called plastic currency. Now the term is going to extend to currency too. Reserve Bank of India is going to replace the present currency with plastic currency gradually in stages. On an experiment basis,...
Keywords: RBI Governor Duvvuri Subbarao, Indian Currency, Plastic notes, RBI
Read MorePMO's office reacts to more bad news 17 August 2013
India's currency has taken a beating. Currently, the Rupee is at its lowest low of 62 against the Dollar. Moreover, the Sensex crashed more than 700 points, creating chaos. This has prompted Prime Minister Manmohan Singh to call on a...
Keywords: Finance Minister P Chidambaram, Prime Minister's office, Sensex fall, Indian economy crisis
Read MorePM's new proposal for printing currency 03 April 2015
Prime Minister Narendra Modi inquired with the RBI officials about the idea of manufacturing the paper and ink used for currency notes. The Prime Minister, who attended the financial conclave organized by the central government to celebrate its 80yrs of...
Keywords: PM, PM, Indian currency, Indian currency
Read MorePetrol price may be hiked next month 26 December 2011
Petrol price may be hiked by about a rupee per litre from next month as the Indian currency has weakened against the US dollar making imports costlier. The rate change may, however, need a political clearance as assembly elections in...
Keywords: exchange rate, fluctuations, a rupee per litre, exchange rate
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