Tag: rupee

  • Rupee falls 37 paise to 82.29 against US Dollar in early trade

    Rupee falls 37 paise to 82.29 against US Dollar in early trade

    [ad_1] The dip can be attributed to the strength of the American currency in the overseas market and a negative trend in domestic equities. At the interbank foreign exchange, the rupee opened weak at 82.25 against the dollar and then fell to 82.29, registering a decline of 37 paise over its last close. On Monday,…

  • India, Sri Lanka may use Indian Rupee for economic transactions

    India, Sri Lanka may use Indian Rupee for economic transactions

    [ad_1] India and Sri Lanka are considering the use of Indian Rupee (INR) for economic transactions to build a stronger and closer partnership through trade and investment-led measures. The High Commission of India organized a discussion on the topic, with representatives from the Bank of Ceylon, State Bank of India, and Indian Bank sharing their…

  • Reliance Retail becomes first retailer to accept India’s digital rupee

    Reliance Retail becomes first retailer to accept India’s digital rupee

    [ad_1] Reliance Retail, one of India’s largest retail companies, has made history by becoming the first retailer in the country to accept the digital rupee. The digital rupee, which was recently launched by the Reserve Bank of India (RBI), is a new form of currency that allows users to make digital transactions without the need…

  • RBI’s digital rupee a ‘game changer’, says SBI chairman

    [ad_1] The RBI pilot project on retail digital Rupee is a “game changer”, said SBI chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary transmission at much lesser costs.  “The anonymity factor is critical for its acceptance. It collaborates, complements and completes the currency architecture in vogue, while…