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Chinese firm bags contract to print Nepal's Rs 1,000 bank notesNepal Rastra Bank has awarded a significant contract to a Chinese firm for printing 430 million pieces of its Rs 1,000 denomination banknot...- Russian money piles up abroad amid US pressure on trade paymentsRussian foreign financial assets surged by nearly $60 billion in the first 11 months of 2024 due to delays in international trade settlemen...
- Budget 2024: Govt reiterates rupee internationalisation commitment but not so easy, say bankersIndia's Finance Minister, Nirmala Sitharaman, has emphasized the government's intention to promote the rupee as an international currency. ...
- Currency war erupts, threatening to ripple across global marketsThe Bloomberg Dollar Spot Index fell as much as 0.8 percent Friday, the most since March.
- Assign a 25% probability to a 50 bps hike: Sonal Varma, Nomura Financial Advisory'If the RBI decides to make the repo the operative rate, then the probability of actually a 50 bps rate hike goes up,' says Sonal Varma.
- Goldman Sachs’ five reasons why rupee can hit 52 vs dollar in 12 monthsRe has been under pressure since mid-2011 but improving growth and falling inflation tends to lead the currency to strength.
- US, China main combatants in curency warA global ‘currency war,’ with US and China as the main combatants looks set to dominate the annual meeting of the International Monetary Fu...
- HC rejects PIL for CBI probe into UP CM's multi-crore garlandAllahabad HC has rejected CBI probe into Mayawati's garland controversy.
- PNB cuts interest rates on most NRI depositsState-owned lender PNB has slashed interest rates on most NRI deposits of foreign curency denominations.
- Rupee falls by 34 paise against US dollar in early tradeThe rupee depreciated by 34 paise to hit two-week low against the US dollar in early trade largely in line with other weak Asian currencies...
- UBI ups interest rates on NRE, FCNR (B) depositsUnion Bank of India (UBI), today said that it has increased interest rates on its non-resident external (NRE) (rupee) term deposits and for...
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