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Rupee declines to 87.58, marking worst performance among Asian currencies

The Indian rupee reached a lifetime low of 87.5825, driven by U.S. trade tariff concerns and portfolio outflows.

A day before a significant monetary policy decision, the Indian rupee fell to its lowest level ever on Thursday as a slide in its Asian counterparts exacerbated the already pessimistic outlook on the currency(Bloomberg/Prakash Singh)
Published on Feb 06, 2025 05:29 PM IST
Reuters |

RBI says 98.08% of 2,000 notes returned: What to do if you still haven't?

The RBI announced the withdrawal of ₹2,000 notes on May 19, 2023. It has since periodically published the status of the amount of such notes being returned

These <span class='webrupee'>₹</span>2,000 banknotes were originally introduced in November 2016 after the demonetisation of the <span class='webrupee'>₹</span>1,000 and <span class='webrupee'>₹</span>500 notes(Representational Image/Pixabay)
Published on Dec 03, 2024 03:27 PM IST

Ethiopia gets IMF relief after easing forex curbs

Ethiopia gets IMF relief after easing forex curbs

Ethiopia gets IMF relief after easing forex curbs
Published on Jul 30, 2024 03:19 AM IST
AFP |

Ethiopia currency slides as central bank eases forex curbs

Ethiopia currency slides as central bank eases forex curbs

Ethiopia currency slides as central bank eases forex curbs
Updated on Jul 29, 2024 01:45 PM IST
AFP |

Incoming Mexican administration pledges to reduce budget deficit, as markets recover from shock

Incoming Mexican administration pledges to reduce budget deficit, as markets recover from shock

Incoming Mexican administration pledges to reduce budget deficit, as markets recover from shock
Updated on Jun 04, 2024 10:18 PM IST
AP |

Rupee strengthens to highest in a fortnight, logs weekly rise

INDIA-MARKETS/RUPEE:INDIA RUPEE-Rupee strengthens to highest in a fortnight, logs weekly rise

Rupee strengthens to highest in a fortnight, logs weekly rise
Published on May 17, 2024 03:56 PM IST
Reuters |

Why Are Indian Tourists Visiting Uzbekistan?

Food and transport are particularly cheap, with taxi apps such as Yandex making inner city transport especially convenient these days.

Why Are Indian Tourists Visiting Uzbekistan?
Updated on May 18, 2024 02:19 PM IST
ByHT Brand Studio

Morning briefing: Jaishankar on ‘weaponised’ globalisation, all latest news

Check out a shortlist of the biggest headlines, recommended stories, and a special collection of news items.

Indian Foreign Minister Subrahmanyam Jaishankar(via REUTERS)
Published on Jan 23, 2024 09:19 AM IST

Diverse world was ‘distorted’ by West: Jaishankar on ‘weaponised’ globalisation

EAM pointed out the drawback of globalisation and said it has concentrated the economic power in a few regions, making much of the world dependent on them.

External Affairs Minister S Jaishankar speaks at the interaction session on India and the Global South at the Nigerian Institute Of International Affairs (NIIA), in Lagos on Monday(DrSJaishankar-X)
Updated on Jan 23, 2024 10:32 AM IST

15-year-old stabbed by 2 teens in NE Delhi

A 15-year-old boy was stabbed in Delhi after uploading a video of two boys collecting currency during a wedding procession. The suspects have been apprehended.

The victim is undergoing treatment at a hospital for a stab wound to his neck and is out of danger. (Representational image)
Updated on Nov 18, 2023 10:26 PM IST

Egypt’s rushed election shows Abdel-Fattah al-Sisi is nervous

It will be easy for him to win a third term. Seeing it out may be harder

This handout picture released by the Egyptian Presidency on October 2, 2023 shows Egypt's President Abdel Fattah al-Sisi giving a speech during a conference in Cairo (AFP)
Published on Oct 06, 2023 03:26 AM IST
The Economist

Artists paint pesos to illustrate Argentina's currency and inflation woes

As millions of Argentines express dismay and anger, a group of artists is seeking to show the economic damage the best way they know how, with art.

Artists paint pesos to illustrate Argentina's currency and inflation woes (Photo by Twitter/AP/Javier Corbalan)
Published on Sep 14, 2023 04:33 PM IST
AP | | Posted by Zarafshan Shiraz, Buenos Aires, Argentina

Hurt by iPhone demand slump, Apple faces longest sales drop in decades

An additional drop in revenue would mark the longest streak of declines in two decades — a startling slowdown for the world’s most valuable company.

A women uses an iPhone mobile device as she passes a lighted Apple logo at the Apple store(REUTERS)
Published on Aug 04, 2023 10:25 PM IST
Bloomberg |

Centre will not let guard down on inflation: FM Nirmala Sitharaman in Mumbai

Union Finance Minister Nirmala Sitharaman said the Central government is monitoring price pressures and inflation, and denied a link with the Reserve Bank of India's decision to withdraw ?2000 notes. She also spoke about measures to control the cost side of farming and highlighted the achievements of the Modi-led government in the last nine years.

Centre will not let guard down on inflation: FM Nirmala Sitharaman in Mumbai
Updated on May 29, 2023 04:14 PM IST
BySaurabha Kulshreshtha

Tax officials to monitor large, unaccounted deposits of 2,000 notes

The Reserve Bank of India has allowed the exchange of ₹2,000 banknotes into smaller denominations up to ₹20,000 per transaction.

An employee checks <span class='webrupee'>₹</span>2000 currency notes given by customers at a petrol pump in Gurugram. (PTI)
Updated on May 29, 2023 05:30 AM IST
ByRajeev Jayaswal

2,000 banknote exchange: Business as usual at Chandigarh banks as only a handful turn up

It was business as usual at Sector 17’s Bank Square, with only around 10 to 12 people waiting in the queue at the SBI Bank and crowd was even scarcer at the Punjab National Bank, with only four to five customers coming in to exchange the currency.

A notice put up at a petrol pump informing customers that <span class='webrupee'>₹</span>2,000 currency notes will be accepted for fuel purchases over <span class='webrupee'>₹</span>2,000 only. (Sant Arora/HT)
Updated on May 24, 2023 01:01 AM IST
By, Chandigarh

‘Opposition spreading fear’: Amit Malviya after RBI scraps 2,000 notes

BJP's Amit Malviya slammed the opposition on Friday for criticising RBI's decision to withdraw ₹2,000 currency notes.

BJP's IT-cell head Amit Malviya. (File)
Updated on May 19, 2023 11:00 PM IST

RBI website crashes after announcing the scrapping of 2,000 notes

The official website of the Reserve Bank of India (RBI) crashed due to the heavy search volume after it asked banks to stop issuing the ₹2000 banknotes.

Reserve Bank of India (RBI) Governor Shaktikanta Das.(AP)
Updated on May 19, 2023 08:25 PM IST

How to exchange your 2,000 notes after RBI scraps circulation: FAQs answered

First issued in 2016, the ₹2000 currency was introduced to cater to the economy’s requirements after the demonetisation of ₹500 and ₹1000 banknotes.

People can exchange or deposit their <span class='webrupee'>₹</span>2,000 notes in their respective bank accounts till September 30.(HT File)
Updated on May 22, 2023 11:48 AM IST

Pakistan’s inflation Asia’s fastest, outpaces Sri Lanka

Pakistan took the crown for Asia’s fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record.

Pakistan Economic Crisis: A woman checks rice prices at a main wholesale market in Karachi. (AFP)
Published on May 02, 2023 10:47 PM IST
Bloomberg |

Gold, silver prices on April 21: Check latest rates in your city

Gold, silver prices: The purchase of 100 grams gold today would cost the consumers ₹5,58,500 in India.

The price of 24 carat gold also remained unchanged on Friday.(Representative image/istcok)
Published on Apr 21, 2023 09:40 AM IST
By | Written by Shobhit Gupta

Gold price slumps 390, silver marginally declines: Check latest prices

Gold and silver prices: The price of 24 carat gold also witnessed a decline on Tuesday. One gram of 24-carat gold is priced at ₹6,043.

The price of 24 carat gold also declined on Tuesday.(Representative image/istcok)
Published on Apr 11, 2023 06:32 AM IST
By | Written by Shobhit Gupta

Gold and silver prices on April 10: Check rates in your city today

In India, the prices of gold are based on factors including global demand, currency, interest rates and government policies

The gold prices are dependent on international factors like global economic growth, dollar strength against other currencies etc.(Representative image)
Published on Apr 10, 2023 05:57 AM IST
By | Written by Shobhit Gupta

HT This Day: April 9, 1947 -- Indian currency to be independent

The Central Assembly today passed three important bills, one delinking the rupee from the sterling, another providing for production and marketing of rubber and a third giving protection to several industries as recommended by the Tariff Board.

HT Image
Updated on Apr 08, 2023 10:00 PM IST
By, New Delhi

Noida man prints fake currency after YouTube lessons, arrested

Noida police have altogether seized counterfeit notes with a face value of ₹38,220.

According to Noida police, the accused had learnt about printing fake currency notes using a common computer printer through YouTube. (Representative)
Published on Mar 18, 2023 07:43 PM IST
PTI |

Skills: The new business currency

The article has been authored by Jagdish Mitra, chief strategy officer & head of growth, Tech Mahindra

The world is constantly re-inventing itself, and today technological advancements have not only redefined the way we work, interact, and connect, but have also paved the way for a better future.
Published on Jan 01, 2023 01:14 PM IST
ByHindustan Times

Explained: How Reserve Bank's e-rupee is different from UPI?

E-rupee is, in fact, a currency in digital form, whereas UPI is a platform that facilitates banking transactions. The CBDC will not have an intermediator.

The CBDC or e-rupee is a legal tender money backed by the RBI similar to cash, but for UPI payments, it has to be linked with bank accounts.
Published on Dec 12, 2022 11:38 PM IST

Pakistan struggles to keep foreign reserves, black market for dollars springs up

A black market for dollars has sprung up in Pakistan after the central bank restricted access to foreign currency to preserve dwindling reserves. It has restricted overseas payments and halve the amount of foreign currency that a person can carry overseas to $5,000.

Dollar shortage is also due to demand from neighbouring Afghanistan after the Taliban’s takeover last year.(File Photo / REUTERS)
Published on Dec 10, 2022 11:30 AM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

RBI's first pilot of retail digital Rupee from December 1. What is e -R?

RBI stated that this pilot would cover select locations in closed user group (CUG) involving participating customers and merchants. It has picked four cities and four banks for the first phase of the trial.

The RBI had said that the digital currency can be operated either by a distributed ledger - adopted in the blockchain mechanism.
Updated on Nov 29, 2022 05:26 PM IST

Ex-AAP leader asks PM Modi to ‘sack economic advisors’ in jibe at Kejriwal

In a swipe at the AAP national convenor Arvind Kejriwal, Ashutosh said it's a “great suggestion” for new British Prime Minister Rishi Sunak to uplift his country's economy.

Delhi chief minister Arvind Kejriwal addresses a press conference on Wednesday. (ANI)
Updated on Oct 26, 2022 03:09 PM IST
By, New Delhi
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