High Value Currency

Cryptocurrency-linked crime surged to a record high last year in terms of value, with illegal addresses receiving $14 billion (roughly Rs. 1,04,200 crore) in digital currencies, as per Chainalysis.

Bitcoin Vs Dollar: Bitcoin crossed the $29,000 mark on December 31, the last trading day of 2020, setting a new high record for its rally after it almost quadrupled in value in the year

Bitcoin Vs Dollar: Bitcoin breached the $28,600 mark, after the virtual currency almost quadrupled in value this year amid greater interest bigger investors and a broader bull run in the cryptocurrency

The Anti Terrorism Squad of the Uttar Pradesh Police today arrested a person from Ghaziabad with high quality Fake Indian Currency Notes (FICN) having a face value of Rs 2.49 lakh.

The rupee on Tuesday plummeted by 97 paise or 1.35 per cent against the US dollar. The local currency opened lower at 72.00 and slipped to an intraday low of 72.40 against the American currency before ending at 72.39. That marked rupee's worst single-day fall since August 5 and the lowest closing level since November 13, 2018. The depreciation in r...

At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day

Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...

The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.

The rupee closed higher against the greenback for the sixth consecutive session. At 68.43 per dollar, the rupee's closing value was the highest since July 17, when it had settled at 68.45.

Lately, high crude oil prices and geopolitical developments have weakened the Indian rupee which had depreciated to its all-time low during the week.

The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high value currency 15 months ago, are still being "processed for their arithmetical accuracy and genuineness"

The demonetisation of high value currency notes along with a series of other reform measures have resulted in formalising a large part of the Indian economy, Prime Minister Narendra Modi said today in the Philippines capital Manila.

Prime Minister Narendra Modi tweeted a seven-minute film early on Wednesday morning that he said encapsulates "the benefits of demonetisation," also stating that "125 crore Indians fought a decisive battle and WON." A year ago today, the Prime Minister had suddenly banned high value notes yanking 86 per cent of the currency in circulation at the ti...

In his speech on November 8 last year, announcing the ban on high value currency, Prime Minister Narendra Modi set out the reasons for the dramatic move - striking a blow against black money, terrorism and fake currency.

External Affairs Minister Sushma Swaraj has ruled out any new window of opportunity for NRIs or people of Indian-origin to deposit their high value Indian currency which was declared illegal after the demonetisation policy, a statement said on Tuesday.

Cryptocurrency-linked crime surged to a record high last year in terms of value, with illegal addresses receiving $14 billion (roughly Rs. 1,04,200 crore) in digital currencies, as per Chainalysis.

Bitcoin Vs Dollar: Bitcoin crossed the $29,000 mark on December 31, the last trading day of 2020, setting a new high record for its rally after it almost quadrupled in value in the year

Bitcoin Vs Dollar: Bitcoin breached the $28,600 mark, after the virtual currency almost quadrupled in value this year amid greater interest bigger investors and a broader bull run in the cryptocurrency

The Anti Terrorism Squad of the Uttar Pradesh Police today arrested a person from Ghaziabad with high quality Fake Indian Currency Notes (FICN) having a face value of Rs 2.49 lakh.

The rupee on Tuesday plummeted by 97 paise or 1.35 per cent against the US dollar. The local currency opened lower at 72.00 and slipped to an intraday low of 72.40 against the American currency before ending at 72.39. That marked rupee's worst single-day fall since August 5 and the lowest closing level since November 13, 2018. The depreciation in r...

At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day

Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...

The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.

The rupee closed higher against the greenback for the sixth consecutive session. At 68.43 per dollar, the rupee's closing value was the highest since July 17, when it had settled at 68.45.

Lately, high crude oil prices and geopolitical developments have weakened the Indian rupee which had depreciated to its all-time low during the week.

The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high value currency 15 months ago, are still being "processed for their arithmetical accuracy and genuineness"

The demonetisation of high value currency notes along with a series of other reform measures have resulted in formalising a large part of the Indian economy, Prime Minister Narendra Modi said today in the Philippines capital Manila.

Prime Minister Narendra Modi tweeted a seven-minute film early on Wednesday morning that he said encapsulates "the benefits of demonetisation," also stating that "125 crore Indians fought a decisive battle and WON." A year ago today, the Prime Minister had suddenly banned high value notes yanking 86 per cent of the currency in circulation at the ti...

In his speech on November 8 last year, announcing the ban on high value currency, Prime Minister Narendra Modi set out the reasons for the dramatic move - striking a blow against black money, terrorism and fake currency.

External Affairs Minister Sushma Swaraj has ruled out any new window of opportunity for NRIs or people of Indian-origin to deposit their high value Indian currency which was declared illegal after the demonetisation policy, a statement said on Tuesday.