Page-2 of Rupee Current Affairs, GK & News

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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RBI raises currency derivative trade limit to how much amount for residents and foreign portfolio investors

The Reserve Bank of India (RBI) has raised exposure limit under Exchange Traded Currency Derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving the Indian rupee. The RBI’s decision to raise the limit will help entities engaged in forex transactions to maintain their currency risks in ..

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Prime Minister’s official website is available in 13 languages

On 1st January 2018, the Assamese and Manipuri language versions of Prime Minister Narendra Modi’s Official website (www.pmindia.gov.in) were launched. The website can now be accessed in Assamese and Manipuri in keeping with the requests from the citizens of the two states. With this launch, the PM INDIA website is available in 13 regional languages ..

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