Saturday, May 18, 2024

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Currency

India’s foreign exchange reserves hit a fresh all-time high of USD 642.63 billion

India's foreign exchange reserves rose for the fifth straight week to hit a fresh all-time high of USD 642.631 billion in the week ending on March 22.

India, Indonesia central banks sign agreement to promote use of local currencies for bilateral transactions

The MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions in local currencies as agreed upon by both countries.

Banks in 22 countries including Russia, UK, Germany, Israel open special Vostro accounts in Indian banks to trade in Indian Rupee

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency

De-Dollarization: Indian refineries use Chinese Yuan for some oil imports from Russia, say reports

Some oil imports from Russia to India are being paid in Chinese Yuan, reports

Indian media spreads fake news that Indian Rupee was the worst-performing Asian currency in 2022, here is the truth

Indian media houses spread fake news claiming that Indian Rupee has ended the year as the worst-performing Asian currency

Delhi CM Arvind Kejriwal wants pics of Hindu god and goddess on currency notes, upsets Muslim Twitter users

Arvind Kejriwal claimed that images of Lord Ganesh and Goddess Lakshmi will bless the nation and help improving India's economy.

Nirmala Sitharaman said it’s not rupee sliding but dollar strengthening: Here’s what she meant and how she is right

Indian Finance Min Nirmala Sitharaman said that rupee is not sliding but the US dollar is strengthening. And she is right.

Netizens raise alarm after Twitter user claims Uber in Jammu shows Pakistani currency

One Twitter claimed that ride hailing service showed the amount in Pakistani currency PKR in Jammu

As Russia faces sanctions for invading Ukraine, its currency Ruble slips below 100 vs US dollar

Every day since the Russian invasion of Ukraine has begun, Ruble has fallen against the dollar and the Euro daily.

Far-left and Congress trolls display ignorance while targeting PM Modi, misinterpret data to claim Rupee weakening against Bangladeshi Taka

As the value of 1 Rupee is equal to 1.16 Bangladeshi Taka, trolls assumed Rupee is weak against Taka and targeted PM Modi

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