Search Results for: currency

RBI inches closer towards central bank digital currency; creates dedicated department [details]

It is to be noted that the department's mandate is to monitor "new age challenges" originating from fintech applications, and crypto is only a small portion of that mandate.

Jan 11, 2022

Despite sub-zero temperature, patrolling intensified in J&K along LoC and IB to check infiltration [details]

Infiltrators trying to take benefits of rain on IB, accumulated snow on LoC

Jan 8, 2022

india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade

India's forex reserves decline by over $1.4 bn in the last week of 2021

India's foreign exchange reserves declined by $1.466 billion during the week ended December 31, 2021.

Jan 8, 2022

RBI introduces framework for small value digital payments in offline mode, cap at Rs.2,000

The Reserve Bank of India on Monday released the framework for facilitating small value digital payments in offline mode, which does not require internet or telecom connectivity.

Jan 4, 2022

Govt currency PSU mints Rs 240 crore dividend amid Covid-19

Despite Covid, Govt currency PSU mints profits, to give Rs 240 Cr as dividend

Businesses around the world were struggling to cope up with running losses amid the pandemic, but the government mint was able to pay Rs 240 crore dividend to the government, an official statement said on Monday.

Jan 4, 2022

Fake currency found in RBI chest in Lucknow

Fake currency notes comprising Rs 10 rupee note, 18 notes of Rs 50, 443 notes of Rs 100, one note each of Rs 500 and Rs 2,000 were found

Jan 3, 2022

Crypto Wave: Samsung set to bring in "groundbreaking" NFT support to 2022 TVs

NFTs are digital assets that have existed for years. NFTs allow people to buy and sell ownership of unique digital items in cryptocurrencies and keep track of who owns them using the Blockchain.

Jan 3, 2022

India's forex reserves decline by $587 mn in 4th consecutive week ending Dec 24

FCAs edged lower by $847 million to $571.369 billion. SDR value rose by $24 million to $19.114 billion.

Jan 1, 2022

India's foreign exchange reserve down by $160 mn in week ending Dec 17

The SDR value stands at $19.089 billion. The country's reserve with the IMF saw a rise of $9 million.

Dec 25, 2021

Fake currency racket busted in Budgam; counterfeit notes, gadgets recovered [details]

The gang was involved in printing fake notes of Rs 100 denomination, and circulating the same in different areas of Kashmir Valley.

Dec 23, 2021

Market Outlook This Week: Omicron fears, FII outflows to drag rupee

This quarter has seen the foreign institutions selling of $4 billion worth of equities due to US Fed policy on interest rates next year

Dec 20, 2021

india forex reserves, fii buying, rbi data on foreign exchange reserves, fii debt buying, fii equity buying, indian stock markets, foreign investors in indian stock markets, pm modi, modi govt completes 3 years

India's foreign exchange reserves decline for 3rd consecutive week

The forex reserves decreased to $635.828 billion from $635.905 billion. The value of gold reserves rose to $38.709 billion.

Dec 18, 2021

india forex reserves rbi foreign exchange dollar buying importers exporters falling rupee value fii stock buying bse debt market world's fastest growing economy stock markets bse nse dollars fii fpi

India's foreign exchange reserves decline by $1.7 bn, down for second consecutive week

India's foreign exchange reserves fell by $1.783 billion during the week ended December 3.

Dec 11, 2021

Unvaxxed Sperm takes shot at becoming next Bitcoin; there's one big problem [details]

The project is based on the unbacked belief that in the future, the rare sperms and eggs of unvaccinated people will be worth a fortune because people will realize that Covid-19 vaccine has damaged their reproductive abilities.