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Indian Rupee news

Showing stories 1 - 10 of about 70   

Articles published

UAE's Indian expats struggle to find rupees at currency exchanges ahead of travel
DUBAI // Indian expatriates going home for holidays say currency exchanges have run out of rupees. Indian prime minister Narendra Modi's government scrapped 500 and 1,000-rupee notes to tackle corruption and tax evasion last month, and many UAE ...
Mobile payments firms are cashing in on India's rupee crisis
Moolchand Paratha is just one example. The famous street food stall in New Delhi had only ever accepted cash for its Indian breads. It signed up for mobile wallet app PayTM just hours after Prime Minister Narendra Modi dropped the rupee note bombshell.
India rupee ban: Bangalore 'heist' bank driver arrested
Police in the Indian city of Bangalore have arrested the driver of a van carrying cash for ATMs who is accused of stealing 9.2m rupees ($134,000; �107,000) in new 2,000 rupee notes. Dominic Selvaraj allegedly drove off with the van six days ago while ...
Indian rupee's slide from outflows, demonetisation likely near end
Bengaluru: The rupee's recent slide from capital outflows as well as a controversial government move to withdraw high-value currency notes from circulation has mostly run its course, a Reuters poll found on Thursday.
India's Rupee Faces Further Weakness As Demonetisation Trumps GDP  DailyFX
India's currency reform was botched in execution  The Economist
Indian Rupee Heads Toward New Low
MUMBAI—The Indian rupee hurtled toward an all-time low Thursday as the dollar rallied against a basket of currencies and investors continued to pull money out of Indian securities.
India's Rupee Finds Itself in a Whole New Kind of Mess  Fortune
Indian rupee cancellation leaves some Toronto residents with worthless cash
On Tuesday, Indian Prime Minister Narendra Modi announced in a surprise broadcast that his government was withdrawing all 500 and 1,000 Indian rupee notes - which are equivalent to about $10 and $20. He said the action was being taken to combat ...
Indian rupees: Holders of notes abroad face tough battle  BBC News
India rupee ban: Sporadic 'day of rage' protests against cash ban
Several thousand people have demonstrated in a number of Indian cities against the government's ban on two major currency notes.
India braces for large protests after rupee banknote ban  RT
Indian rupee's plunge costs unhedged funds dearly
Mumbai: The rupee's 2.4% plunge in a single month meant an anxious November for treasurers at Indian companies that haven't hedged their overseas debts.
India's Rupee Ban Backfires
On Nov. 8, Indians were surprised twice. First, they found out that Donald J. Trump would become the 45th U.S. president, and then they discovered they were losing the use of their large rupee notes. Indian stocks, already having a tough time, now face ...
India's rupee restrictions are boosting demand for bitcoin
Indian Prime Minister Narendra Modi's decision to withdraw 500 and 1000 rupee notes from circulation has sparked interest in bitcoin among India's consumers. Following last week's announcement that the notes were no longer legal tender, sales volumes ...