After they used the deposits to buy bonds, lowering interest rates, the central bank had to order them to park the new money with it, in zero-interest ... the new 2,000-rupee note just as they ...

MUMBAI: The Indian rupee fell on Thursday, weighed down by persistent interbank dollar demand, but pared losses after ...

Prime Minister Narendra Modi announced Tuesday that current 500- and 1,000-rupee notes — worth about $7.50 and $15, respectively — will be taken out of circulation at midnight. They will no ...

India is overwhelmingly a cash economy. New 500 and 2,000 rupee denomination notes will be issued to replace those removed from circulation. "Black money and corruption are the biggest obstacles ...

MUMBAI, May 20 (Reuters) - India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016 ...

The rupee settled for the day on a flat note higher by just 1 paisa at 84.84 (provisional) against the U.S. dollar on Wednesday (December 11, 2024), a tad above its all-time low level, amid rising ...

The rupee settled on a flat note and appreciated by just 1 paisa to close at 84.70 (provisional) against the U.S. dollar on Friday (December 6, 2024), as the Reserve Bank of India left the repo ...