Finance Ministry knocks down PM Modi's idea of Rs 25 currency notes

Last Updated: Wednesday, September 2, 2015, 13:20

To overcome usual shortage of coins, Union government should have coins only in denominations of rupees one and five with gradual introduction of coins of rupees ten to ultimately replace notes of this denomination.

New Rs 1,000 notes with more security features on anvil

Last Updated: Wednesday, September 2, 2015, 09:55

The notes would come with the rupee symbol and inset letter 'L' with numerals in ascending size in number panels.

Rupee strengthens 8 paise at 66.14 against dollar

Last Updated: Wednesday, September 2, 2015, 09:39

Forex dealers said domestic equity markets opening with gains supported the rupee, but dollar's strength against other currencies overseas capped the gains.

Rupee recovers 10 paise at 66.38 against US dollar

Last Updated: Tuesday, September 1, 2015, 10:03

The rupee had lost 34 paise to close at one-week low of 66.48 against the US dollar yesterday on persistent month-end demand for the American currency from importers.

Rupee down 16 paise at 66.30 against dollar in early trade

Last Updated: Monday, August 31, 2015, 10:09

Besides, a lower opening of the domestic equity market weighed on the domestic currency but dollar's weakness against other currencies capped the losses, forex dealers said.

IDBI Bank to raise $7.5 bn via debt

Last Updated: Friday, August 28, 2015, 18:02

IDBI Bank on Friday said its Board has approved raising of foreign currency debt up to USD 7.5 billion (about Rs 49,000 crore).

Long way to go for India to become global growth engine: Rajan

Last Updated: Wednesday, August 26, 2015, 12:51

RBI Governor Raghuram Rajan has said it will be "a long time" before India can replace China as a growth engine for the global economy, even if it grows at a faster rate.

'When China sneezes, the world could catch a cold'

Last Updated: Wednesday, August 26, 2015, 11:25

When China sneezes, the world could catch a cold, said a commentary in China`s Xinhua news agency which added that the global economy is closely tied to Chinese performance.

RBI chief Raghuram Rajan says not in favour of depreciating rupee: Report

Last Updated: Wednesday, August 26, 2015, 10:13

India has seen hefty flows from foreign investors, who have bought shares worth USD 5.8 billion and debt worth USD 8 billion so far in 2015.

Currency volatility: How it will affect global growth

Last Updated: Wednesday, August 26, 2015, 09:33

Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China`s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.

Make economy transparent, currency market-driven: US to China

Last Updated: Tuesday, August 25, 2015, 09:25

The White House has urged China which is facing one of the worst financial crises in decades - to continue to pursue financial reform and move rapidly toward a more "market-determined" exchange rate system.

Rupee trims initial losses, still down 59 paise at 66.42

Last Updated: Monday, August 24, 2015, 11:36

The domestic currency resumed sharply lower at 66.47 per dollar as against last weekend's level of 65.83 at the Interbank Foreign Exchange (Forex) market.