The medium-term outlook for the Indian rupee remains tilted to the downside unless there is relief from the persistent twin deficit, current account and fiscal deficit, according to a report released by Union Bank of India.
The Enforcement Directorate (ED) has seized foreign and Indian currency along with records linked to illegal forex dealings during searches at the premises of Loja Shamu, a leading toy seller dealing in teddy bears, plastic guns, and other play items.
Nepal's Central Investigation Bureau (CIB), under the Nepal Police, on Saturday arrested fake Indian currency kingpin Yunus Ansari for investigation into a money laundering case.
The Indian rupee is likely to trade with an appreciating bias in the near term, supported by a mix of favorable domestic and global factors, according to a recent report by Bank of Baroda.
According to an official release, "In a significant blow to counterfeiters, Assam Rifles seized fake Indian currency notes worth Rs 37,28,500 in Rongpur, Silchar, Assam, on 25 March."
Reacting to replacement of the Rupee symbol for the Indian currency with the Tamil alphabet 'Ru' in the state budget logo, Tamil Nadu State Planning Commission Executive (SPCE) Vice Chairman J Jeyaranjan said that the only reason for the change was that they did not want Devnagari.
The policy shifts by the RBI in managing the Indian currency against the US Dollar have significantly impacted the Rupee against the dollar, says a report by Union Bank of India.
Continuing the drive against modules involved in the import of security paper and printing Fake Indian Currency Notes (FICN), the Directorate of Revenue Intelligence (DRI) conducted simultaneous searches at 11 different places across Maharashtra, Haryana, Telangana, Tamil Nadu and Bihar yest
New Delhi [India], February 20: The Indian currency has been going through a rough phase. This difficult ride for the Indian Rupee is not new. In the past 5 years, the USD has appreciated 14.85% against the INR. But why is this important? It is important because a change in the currency valu
The National Investigation Agency (NIA) Special Court, of Patna, Bihar has sentenced two accused to imprisonment and fine in a Fake Indian Currency Notes (FICN) smuggling case involving Bangladeshi and Nepalese nationals, according to a press release.
The National Investigation Agency (NIA) secured its first conviction of 2025 as the Special NIA Court, Mumbai sentenced four individuals to five years of imprisonment in a case related to the possession of Fake Indian Currency Notes (FICN), according to a press release.