Page-2 of Rupee Current Affairs, GK & News

Usha Thorat head of RBI task force on offshore rupee markets

The Reserve Bank of India (RBI) has recently constituted an 8-member task force headed by its former deputy governor Usha Thorat to examine issues related to offshore rupee markets and recommend policy measures to ensure the stability of the external value of the domestic currency. The task force will assess the causes behind the development ..

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Nepal bans all Indian currency notes above Rs 100

The Nepal government has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations in the country. The decision will adversely affect Nepalese labourers working in India as well as Indian tourists visiting the Himalayan nation. Currently, India is Nepal’s largest trade partner and supplies the majority of its ..

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Rupee for first time hit historic low of Rs. 70 mark against US dollar

Indian rupee for first time in history plunged to record low of Rs. 70.07 against US dollar on 14 August 2018. However, it recovered later at around Rs. 69.84 after heavy intervention by Reserve Bank of India (RBI). This sudden deprecation of rupee is similar to fall of other currencies of emerging markets triggered by ..

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RBI to issue new 100 Rupee notes with Rani Ki Vav

The Reserve Bank of India (RBI) will soon issue new Rs 100 denomination currency notes in the Mahatma Gandhi series. The base colour of the new denomination is lavender and contains other designs, geometric patterns aligning with the overall colour scheme both at the observe and reverse. The dimension of the banknote will be 66m ..

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Masala Bonds

Masala bonds are rupee denominated overseas bonds. Here are key notable points about Masala Bonds. Such bonds are Rupee denominated. When an Indian company issues Rupee denominated Bond, it is obviously shielded against the risk of currency exchange rate aberrations. The foreign exchange risk is on foreign investors rather. The key advantages of Masala Bonds are ..

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