The Indian rupee is expected to trade in the range of 85.25-86.25 against the US dollar in the near term, according to a recent report by Bank of Baroda.
India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI).
Citing recent signs of weakness in the US dollar and other concerning trends in the American economy, global investment firm Jefferies advises investors to prefer Asian currencies over US dollar.
Iranian national Fatemah Akbari was arrested at Delhi's IGI Airport for duping a US citizen of $700 using a fake currency swap. Her husband fled. Police are investigating their involvement in multiple fraud cases and working to trace their network.
Haytham Abdullah Bakri, head of the "Al-Sadiq" Currency Exchange in southern Lebanon, was eliminated in an Israeli Air Force strike on Tuesday. According to the IDF, Bakri played a central role in Hezbollah's financial operations, acting as a conduit for funds transferred from the IRGC's
More than 12 years after he absconded, the National Investigation Agency (NIA) has arrested a key accused in the 2013 Kasaragod fake currency cases after successfully securing his extradition from the UAE, where he was in the custody of the local authorities since 2015.
The Central Bureau of Investigation (CBI) has successfully coordinated the return of Moideenabba Ummer Beary from the UAE through INTERPOL Channels. Moideenabba Ummer Beary is a wanted accused of the National Investigation Agency (NIA).
Mumbai Customs of Chhatrapati Shivaji Maharaj International Airport (CSMI) Airport seized foreign currency of 50000 Saudi Riyal (SAR) and diamond valued Rs 1,70,94,900 concealed inside handbag and body cavity from passenger departing to Dubai.
The committee, constituted by Chief Justice of India Sanjiv Khanna on March 22, concluded that there is credible and serious evidence of misconduct following the discovery of burnt currency at Varma's official residence.
Speaking to ANI on KTR's remarks on the ongoing probe, Kiran Kumar Reddy said, "Today, KTR is facing an ACB inquiry because he misused his power. Despite the enforcement of the election code, he transferred Rs 44 crore for the Formula E race while serving as the municipal minister. The trans