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Rs 57 lakh in fake currency seized in Kolkata, five held

Fake Indian currency with a face value of around Rs 57 lakh in new Rs 2,000 denomination notes was seized and five persons were arrested here on Thursday, a senior Kolkata Police officer said.

Rupee loses ground, down 11 paise to 63.78 against dollar

The rupee depreciated by 11 paise to 63.78 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange due to appreciation of the American currency overseas riding on strong economic data.

Full rupee convertibility in a few years: Raghuram Rajan

Reserve Bank Governor Raghuram Rajan on Friday said the central bank is looking at allowing full capital account convertibility in a few years.

Over 164 cr pieces of pre-2005 rupee notes shredded

Over 164 crore pieces of pre-2005 currency notes of various denominations, including Rs 1,000, were shredded in regional offices of Reserve Bank in 13-month period ending January 2015, Parliament was informed on Friday.

Maruti to pay royalty to Suzuki in Rupees for future models

Car market leader Maruti Suzuki India will now pay royalty to parent Suzuki Motor Corp in Indian rupees instead of Japanese yen.

RBI to relax norms for forex futures after rupee stabilises

Reserve Bank on Monday said it will look at easing restrictions on the forex futures market once stability improves in the foreign exchange market.

Foreigners allowed carrying up to Rs 10K beyond immigration desk

Earlier, foreigners were allowed to carry Indian currency up to the Customs Desk or the Immigration Desk at international airports in the country.