Page-2 of Rupee
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 ..
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 ..
Month: Current Affairs - August, 2018
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 ..
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 ..
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 ..
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 ..