India's foreign exchange reserves declined by about USD 2.4 billion to USD 560.003 billion in the week ending on March 10, according to the Reserve Bank of India's latest data.
The Indian Army troops on Saturday recovered 7 kg of narcotics, and foreign currency worth over Rs 2 crore, from the residence of Mohd Rafique in Poonch district of Jammu and Kashmir, the army said.
Officials of the Central Industrial Security Force (CISF) on Friday intercepted three passengers at Indira Gandhi International Airport, Delhi and seized foreign currency notes valued at over Rs 50 lakh from their possession, officials said.
Officials of the committee for Afghani Promotion said that the usage of foreign currency has been banned in this province and will deal legally with violators.
Foreign currency worth 10 lakh (USD) valued over Rs 8.36 crore was seized by Mumbai Airport Customs and Central Industrial Security, the officials said on Saturday.
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, declined USD 7.108 billion to USD 500.587 billion.
The Customs department has seized gold and foreign currency worth crores from different passengers at the Mumbai airport, the officials said on Friday.
Rajasthan's Bikaner police have arrested three Iranian youths who are a part of an international gang involved in cheating youths as well as pushing them into the drug trade.
Fitch Solutions anticipated that the current cycle of rupee devaluation has not yet ended and that rupee will continue to lose its value against the US dollar, considering the high demand for foreign currency to pay for imports and repay colossal foreign debt.
Officials of the Central Industrial Security Force (CISF) on Sunday intercepted a passenger at Indira Gandhi International Airport, Delhi and seized foreign currency notes valued at Rs 64 lakh from his possession, officials said.