India today granted cash-strapped Maldives a USD100 million Treasury bills roll over, in addition to both sides inking a USD 400 million and Rs 3,000 crore currency swap agreement.
Mumbai customs arrested two passengers and seized gold and foreign currency worth lakhs at Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Maharashtra, officials said on Saturday.
Technically, experts suggest that the rupee may find support at Rs 83.76, with strong resistance around Rs 83.99. A breach of these levels could push the currency to test Rs 84.16, last seen in non-deliverable forward (NDF) markets.
Hong Kong, October 3: Worldline (Euronext: WLN), a global leader in payment services, announces a partnership with the Bank of China (Hong Kong) ('BOCHK'), making it Worldline's first customer of its open platform card solution Paysuite Essential Edition (Previously named Cardlite) in Hong K
Non-banking financial companies (NBFCs) are increasingly attempting to access funding sources beyond banks, such as through non-convertible debentures (NCD), commercial papers (CP), foreign currency borrowings (FCB) and securitisation, to continue their growth march, asserted Crisil Ratings.
According to the police, on September 23, Mehul Thakkar, a bullion trader, received a call from the manager of Laxmi Jewellers, who asked him about the price of over 2 kg of gold for a third party.
In Lucknow, Government Railway Police busted fake currency racket. During this, a person with fake notes worth Rs 1.97 lakh was arrested. All the notes are of Rs 500 denomination.
Mumbai (Maharashtra) [India], September 27: IDFC FIRST Bank, a leader in innovative financial solutions, has announced the launch of the Mayura Credit Card, a new addition to its premium metal card portfolio. The Mayura Credit Card celebrates the spirit and aspiration of the new India but is
The Kushinagar police arrested a person after an encounter with the gang dealing in fake currency notes near Bintolia village of Sevarhi police station. Police have recovered fake currency notes with a face value of Rs 30,000.
Jammu and Kashmir DGP RR Swain on Sunday highlighted the alarming rise of drug abuse and its link to terrorism and said that "hard drugs" are a new thing and the money generated out of it has become the "new currency of terrorism."
Congress MP Manickam Tagore wrote a letter to Union Finance Minister Nirmala Sitharaman to bring her attention towards the "severe shortage" of lower denomination currency notes and said that the situation is causing "inconvenience" and "hardship" in rural areas and urban poor communities.
Despite India being a leader in digital financial transactions, cash currency in circulation has more than doubled over the last eight years. As per Reserve Bank of India (RBI) data, since the demonetization of Rs 1000 and Rs 500 notes in 2016, the currency in circulation has increased su