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During the calendar year 2020, CiC grew 22.1 per cent, or <span class='webrupee'>₹</span>5,01,405 crore, to <span class='webrupee'>₹</span>27,70,315 crore as on January 1, 2021.(Reuters)
During the calendar year 2020, CiC grew 22.1 per cent, or 5,01,405 crore, to 27,70,315 crore as on January 1, 2021.(Reuters)

Currency in circulation rises 3.23 lakh cr in first 9 months of FY21

PTI |
PUBLISHED ON JAN 10, 2021 03:49 PM IST
According to Care Ratings Chief Economist Madan Sabnavis, the growth in currency in circulation so far in the current fiscal has been high as people were accumulating more cash to meet any exigency during the lockdown.
China’s move comes after Facebook scaled back plans on cryptocurrency, Libra.(AFP File)
China’s move comes after Facebook scaled back plans on cryptocurrency, Libra.(AFP File)

China is testing new digital currency

Beijing | By Press Trust of India
PUBLISHED ON MAY 02, 2020 02:11 AM IST
More banks will continue to participate in the test of the DC/EP, in a bid to improve the technology, security and stability of the payment tool, Chen Bo, director of the Finance Research Centre at the Institute of Finance and Economics at the Central University of Finance and Economics told the daily.
The wallet doesn’t need to be linked to any bank account or card.(AP)
The wallet doesn’t need to be linked to any bank account or card.(AP)

China close to launching the world’s first digital currency in small pilot projects

Hindustan Times, Beijing | By Sutirtho Patranobis
PUBLISHED ON APR 23, 2020 04:08 PM IST
The central bank digital currency or digital yuan, is officially referred to as the digital currency/electronic payment (DC/EP) project.
The Maharashtra Police on Friday arrested three persons for allegedly possessing demonetised currency worth Rs one crore in Aurangabad’s Osmanpura area.(Photo: Kunal Patil/ HT Photo)
The Maharashtra Police on Friday arrested three persons for allegedly possessing demonetised currency worth Rs one crore in Aurangabad’s Osmanpura area.(Photo: Kunal Patil/ HT Photo)

Three arrested for possessing demonetised currency worth Rs 1 crore

Aurangabad, Maharashtra | By Asian News International
UPDATED ON SEP 28, 2019 01:33 PM IST
Speaking to media persons, Deputy Commissioner of Police (DCP), Rahul Khade, said, “On a tip-off, we caught the three accused at a police checkpoint. They were in possession of Rs 500 and 1, 000 demonetised notes worth Rs one crore.”
The accused in police custody on Wednesday.(HT PHOTO)
The accused in police custody on Wednesday.(HT PHOTO)

Fake currency with face value of 1.69 lakh seized in Ludhiana; 2 arrested

Hindustan Times, Chandigarh | By HT Correspondent
PUBLISHED ON SEP 18, 2019 11:38 PM IST
Police said that the accused developed an interest manufacture fake currency after watching a video on YouTube
A 28-year-old man and his accomplice were recently arrested by the crime branch in Kopri for allegedly making and selling counterfeit notes.
A 28-year-old man and his accomplice were recently arrested by the crime branch in Kopri for allegedly making and selling counterfeit notes.

Two arrested for making fake currency worth 60,000

Thane | By Ankita G Menon, Thane
UPDATED ON SEP 07, 2019 02:02 AM IST
While the police initially arrested Anbalagan Ganesan Murthuwar with fake notes worth 60,000, he led them to his accomplice Mari Kashi Mani, who makes the counterfeit notes, the police said.
Union finance minister Nirmala Sitharaman(PTI)
Union finance minister Nirmala Sitharaman(PTI)

Sovereign foreign borrowing is a bold move

By Ila Patnaik
UPDATED ON JUL 12, 2019 08:33 AM IST
It is in India’s national interest to produce good quality data and stick to fiscal discipline and inflation targets .
The police booked a 30-year-old woman for allegedly stealing €14,000 cash from a house on Golf Course Road.(HT File Photo)
The police booked a 30-year-old woman for allegedly stealing €14,000 cash from a house on Golf Course Road.(HT File Photo)

Domestic help booked for stealing foreign currency in Gurugram

Hindustan Times, Gurugram | By HT Correspondent
UPDATED ON JUN 30, 2019 02:58 AM IST
According to the police, the victim works at a private company in the city. The incident took place on Thursday, when the man’s wife put the cash in a wardrobe.
A woman counts cash as her shop opens in Harare, Zimbabwe. REUTERS/Philimon Bulawayo/File Photo
A woman counts cash as her shop opens in Harare, Zimbabwe. REUTERS/Philimon Bulawayo/File Photo

Back to 2008 in Zimbabwe as currency that wrecked lives returns

Antony Sguazzin in Johannesburg, Brian Latham in Harare | By Bloomberg
UPDATED ON JUN 26, 2019 06:21 PM IST
For most of the country’s citizens, it’s a bitter reminder of years of hyperinflation, which destroyed their savings and left them bartering for daily basics.
This is the second recent case in which a foreign national has been caught with undeclared currency.(HTPhotos)
This is the second recent case in which a foreign national has been caught with undeclared currency.(HTPhotos)

2 caught with Rs 26.64L foreign currency at city airport

PUBLISHED ON MAY 20, 2019 04:41 AM IST
The first passenger identified as Maha Osman Gali Mohammad, was carrying $15,000 while the second passenger, Mona Adam Mohammad Zain was carrying $20,000.
Borrowing in dollars to purchase rupee assets has earned 3.8 percent over the past one month, the best carry-trade return in the world, data compiled by Bloomberg show.(Getty Images/iStockphoto)
Borrowing in dollars to purchase rupee assets has earned 3.8 percent over the past one month, the best carry-trade return in the world, data compiled by Bloomberg show.(Getty Images/iStockphoto)

India’s rupee just went from Asia’s worst to best currency

New Delhi | By Kartik Goyal, Bloomberg
UPDATED ON MAR 20, 2019 08:49 AM IST
The turnaround has been fuelled by the improved chances of Prime Minister Narendra Modi winning a second term amid recent tensions between India and Pakistan.
The judges then sought to know the international practice to make currency disabled-friendly, and directed the RBI to examine this aspect and submit a report to the court in two weeks.(REUTERS)
The judges then sought to know the international practice to make currency disabled-friendly, and directed the RBI to examine this aspect and submit a report to the court in two weeks.(REUTERS)

Examine foreign currencies to make rupee notes blind-friendly, HC tells RBI

By Kanchan Chaudhari
UPDATED ON JAN 15, 2019 07:47 AM IST
The Bombay high court directed the RBI to examine currencies of “advanced countries” to develop features that would make notes user-friendly for those who are visually-impaired and blind.
New indian 2000 Rs Currency Note(Getty Images/iStockphoto)
New indian 2000 Rs Currency Note(Getty Images/iStockphoto)

Printing of Rs 2,000 note stops, currency still valid

New Delhi | By Remya Nair, New Delhi
UPDATED ON JAN 03, 2019 11:03 PM IST
The cut in circulation does not mean the Rs 2,000 notes will become invalid. In all likelihood, the denomination will be gradually phased out.
(Representative image)
(Representative image)

Couple dupes jeweller in Ludhiana, purchase gold jewellery worth lakhs with fake currency

Ludhiana | By Asian News International
UPDATED ON OCT 25, 2018 02:51 PM IST
The shop owner Shyam Sundar Verma said that he came to know about fake notes after the couple left.
(Representative image)
(Representative image)

Couple dupes jeweller in Ludhiana, purchase gold jewellery worth lakhs with fake currency

Ludhiana | By Asian News International
UPDATED ON OCT 25, 2018 02:36 PM IST
The shop owner Shyam Sundar Verma said that he came to know about fake notes after the couple left.
Unabated foreign fund outflows weighed on the rupee, traders said.(PTI/Picture for representation)
Unabated foreign fund outflows weighed on the rupee, traders said.(PTI/Picture for representation)

Rupee hits record low of 74.27 against US dollar after American currency strengthens overseas

Mumbai | By Press Trust of India
UPDATED ON OCT 09, 2018 01:41 PM IST
The rupee erased all its morning gains to hit a new record low of 74.27 against the US dollar in afternoon trade on Tuesday after Brent crude breached the USD 84 a barrel-mark again and the American currency strengthened overseas.
Rahul Gandhi hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian rupee.(PTI/File Photo)
Rahul Gandhi hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian rupee.(PTI/File Photo)

‘Rupee’s not breaking, it’s broken’: Rahul Gandhi on sinking currency

New Delhi | By Press Trust of India
PUBLISHED ON OCT 04, 2018 01:46 PM IST
The rupee collapsed to a fresh low of 73.77 against the US dollar Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
A token of the virtual currency Bitcoin is seen placed on a monitor that displays binary digits in this illustration picture.(Reuters File Photo)
A token of the virtual currency Bitcoin is seen placed on a monitor that displays binary digits in this illustration picture.(Reuters File Photo)

RBI asks banks, NBFCs not to trade in bitcoins and virtual currencies

PTI, Mumbai | By HT Correspondent
UPDATED ON APR 06, 2018 11:20 PM IST
The instructions are applicable to all commercial, co-operative banks, payments banks, small finance banks, non banking financial companies (NBFCs) and payment system providers.
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