The Nepal Rastra Bank (NRB) has written a letter on Friday to the Reserve Bank of India, asking it to make Indian bank bills Rs 200, Rs 500 and Rs 2,000 legal tender in Nepal, The Himalayan Times reported. read more
Traders and locals are worried over the decision of Nepal government to ban the use of high denomination Indian currency notes of Rs 200, Rs 500 and Rs 2,000 in the country. They claim the decision will not only affect the tourism sector in Nepal but would also have a negative impact on the exchange of goods and services between the two nations.read more
The government has asked the people to refrain from keeping or carrying Indian bank notes higher than Rs 100 denomination as it has not legalised them, Nepal’s minister for information and communications Gokul Prasad Baskota said. read more
The Haj rupee was introduced under the Reserve Bank of India (Amendment) Act 1959. The RBI introduced what was called a Gulf note, which was the currency issued from India to be used as a medium of exchange in the Gulf States of Kuwait, Bahrain, Qatar,... read more
A report by the Hong Kong-based South China Morning Post said on Sunday that China Banknote Printing and Minting Corporation was printing currency notes for India and several other countries. read more
You don’t have to spend all your savings to travel. Instead, make smart choices and visit places where the value of Indian currency is higher making everything cheaper for you. Budget travellers, this one’s for you. read more
A man holds twenty rupee banknotes at a shop in Mumbai. The Indian rupee slumped to an all-time low as a resurgence in crude prices and the emerging-market sell-off took a toll on the currency of the world’s third-biggest oil consumer.