Currency Crunch
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Another Source Of Cash Dries Up For Indian Companies Amid Virus Crisis
The Covid-19 crisis has further crimped options for foreign-currency funding, worsening a credit crunch sparked by the collapse of shadow lender IL&FS in 2018.
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For Rupee, Asia's Only Losing Emerging Market Currency, More Losses Likely
The rupee, which has slumped almost 5 per cent from this year's high in July, is also under selling pressure due to escalating levels of public debt and a credit crunch among non-bank finance companies, known as shadow banks.
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Forex Markets Closed Today For Gandhi Jayanti: 5 Things To Know
The Reserve Bank of India (RBI) on Monday said that it would pump Rs 36,000 crore into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.
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RBI Relaxes Cash Rules For Banks As Credit Crunch Fears Persist
Banks currently have to buy government bonds worth about 19.5 per cent of their deposits as a part of their statutory liquidity ratio (SLR).
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Paytm Bets on Local Expertise to Fend Off Rivals
Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.
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Cash Availability, ATM Functionality Monitored Regularly, Says Government
The government has requested all banks to efficiently manage cash to ensure that an adequate amount is available for ATMs and people do not face any problems.
-
After PM's Shock Notes Ban, Indians Revert To Old Habit Of Hoarding Cash
Currency withdrawals in the January-March quarter stood at Rs 1.4 lakh crore, about 27 per cent more than in same quarter of 2016.
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Cash Crunch: Currency Shortage Could Be Superficial, Says SBI Report
Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis
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Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
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Printing Press Running 24X7 To Offset Cash Crunch: Official
The government has speed up currency note printing and is running all its four presses round-the-clock, an officer said today amid ATMs running dry in many parts of the country. This week, the note printing presses have been minting out Rs 500 and Rs 200 notes without a break to meet an estimated Rs 70,000 crore of currency shortfallm, he said
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Cash Shortage Issue Will Be Resolved By Tomorrow, Says SBI Chief
The problem of cash crunch being faced by some states will be resolved by tomorrow as currency is being transported to areas which are facing the shortage, SBI Chairman Rajnish Kumar said today.
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Rs 200, Rs 500 Note Printing Stopped Due To Ink Shortage: Union Leader
Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.
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As ATMs Run Dry, This Press Is Working 3 Shifts To Print Currency Notes
After ATMs in parts of multiple states are reported to be running dry, workers at a government-run printing press in Madhya Pradesh are working three shifts to print currency notes. On Tuesday, the government reportedly said it has decided to increase printing of Rs. 500 notes by five times to meet the "unusual" currency demand.
-
Government Calms Cash Crunch Worries, To Ensure Adequate Currency Supply
Cash withdrawals in the country go up during the crop harvest season, usually during March to April.
-
Printing Of Rs 500 Notes To Increase Five-Fold To Deal With Cash Crunch: Government
The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.
-
Another Source Of Cash Dries Up For Indian Companies Amid Virus Crisis
The Covid-19 crisis has further crimped options for foreign-currency funding, worsening a credit crunch sparked by the collapse of shadow lender IL&FS in 2018.
-
For Rupee, Asia's Only Losing Emerging Market Currency, More Losses Likely
The rupee, which has slumped almost 5 per cent from this year's high in July, is also under selling pressure due to escalating levels of public debt and a credit crunch among non-bank finance companies, known as shadow banks.
-
Forex Markets Closed Today For Gandhi Jayanti: 5 Things To Know
The Reserve Bank of India (RBI) on Monday said that it would pump Rs 36,000 crore into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.
-
RBI Relaxes Cash Rules For Banks As Credit Crunch Fears Persist
Banks currently have to buy government bonds worth about 19.5 per cent of their deposits as a part of their statutory liquidity ratio (SLR).
-
Paytm Bets on Local Expertise to Fend Off Rivals
Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.
-
Cash Availability, ATM Functionality Monitored Regularly, Says Government
The government has requested all banks to efficiently manage cash to ensure that an adequate amount is available for ATMs and people do not face any problems.
-
After PM's Shock Notes Ban, Indians Revert To Old Habit Of Hoarding Cash
Currency withdrawals in the January-March quarter stood at Rs 1.4 lakh crore, about 27 per cent more than in same quarter of 2016.
-
Cash Crunch: Currency Shortage Could Be Superficial, Says SBI Report
Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis
-
Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
-
Printing Press Running 24X7 To Offset Cash Crunch: Official
The government has speed up currency note printing and is running all its four presses round-the-clock, an officer said today amid ATMs running dry in many parts of the country. This week, the note printing presses have been minting out Rs 500 and Rs 200 notes without a break to meet an estimated Rs 70,000 crore of currency shortfallm, he said
-
Cash Shortage Issue Will Be Resolved By Tomorrow, Says SBI Chief
The problem of cash crunch being faced by some states will be resolved by tomorrow as currency is being transported to areas which are facing the shortage, SBI Chairman Rajnish Kumar said today.
-
Rs 200, Rs 500 Note Printing Stopped Due To Ink Shortage: Union Leader
Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.
-
As ATMs Run Dry, This Press Is Working 3 Shifts To Print Currency Notes
After ATMs in parts of multiple states are reported to be running dry, workers at a government-run printing press in Madhya Pradesh are working three shifts to print currency notes. On Tuesday, the government reportedly said it has decided to increase printing of Rs. 500 notes by five times to meet the "unusual" currency demand.
-
Government Calms Cash Crunch Worries, To Ensure Adequate Currency Supply
Cash withdrawals in the country go up during the crop harvest season, usually during March to April.
-
Printing Of Rs 500 Notes To Increase Five-Fold To Deal With Cash Crunch: Government
The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.
