RS 2000 CURRENCY NOTE
Gold Price Today: Yellow metal prices gain over Rs 900, silver rises over Rs 2,000
Following dovish Fed comments, gold and silver prices surged, with gold opening at Rs 72,460 per 10 grams and silver at Rs 91,904/kg. Market anticipates potential rate cuts. Dollar index decline supports bullion markets. Expect volatility ahead of US job reports. Expert forecasts range-bound movement due to US holiday.
Vodafone UK may offer Rs 2,000 crore equity topup to Vi
Vi may also make more substantial payments to Indus towards cutting its dues after the telco raises debt of ₹23,000-25,000 crore through term loans as planned, analysts added. After the recent sale of its 18% stake in Indus, UK's Vodafone holds 3.1% of the tower company and is said to be in talks with Bharti Airtel to sell these shares, people familiar said.
Rs 2000 notes: 97.87% returned; Rs 7,581 crore worth notes still with public
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 7,581 crore at the close of business on June 28, 2024.
Gold Price Today: Yellow metal opens at Rs 71,515/10 grams, silver down by Rs 2,000 this week
Amidst market fluctuations, following Manoj Kumar Jain's guidance, consider selling gold around Rs 71,650 with a stop loss at Rs 71,860. Expect volatile movements in gold and silver prices this week, influenced by factors like the dollar index and upcoming U.S. economic data. Stay informed to navigate the changing market landscape effectively.
Fake Indian currency notes of Rs 100, 500 printed by naxals seized after operation in Chhattisgarh's Sukma
Officials in Chhattisgarh conducted an operation resulting in the seizure of printers, ink, and counterfeit currency allegedly used by naxals in Sukma. Video footage suggests that counterfeit notes in denominations of Rs 100 and Rs 500 were printed by the naxals and confiscated during the operation. Further details about the operation are currently awaited.
Rupee opens on flat note against US dollar in early trade
The 30-share BSE Sensex and NSE Nifty experienced slight declines, reflecting market movements. Moody's Ratings forecast India to maintain its position as the fastest-growing economy in the Asia-Pacific region.
- Go To Page 1
2.2 pc of Rs 2000 banknotes, with value of Rs 7755 crore, still in circulation
Approximately 2.2% or Rs 7,755 crore of Rs 2,000 banknotes are still in circulation, 8 months after the deadline to exchange them. 97.82% of the total value is back in the banking system by May 2024.
Why These Two Rs 10 Notes Fetched Over Rs 12 Lakhs At Auction?
The recent auction in London witnessed a remarkable event as two old Rs 10 notes fetched astounding prices, one selling for 6.90 lakhs and the other for 5.80 lakhs. What makes these notes so special? The relics from a bygone era were issued on 25 May 1918, a period marked by the final years of World War I. The historical context surrounding these notes makes them incredibly valuable. They were aboard the British ship SS Shirala, which was torpedoed by a German U-boat on 2 July 1918. The sinking of the SS Shirala is a significant historical event, and having currency notes from that period, especially those recovered from a shipwreck, adds an unparalleled layer of historical importance.
Rupee opens on flat note against US dollar in early trade
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at 83.50 against the American currency and touched 83.49 in the initial trade.
Exchange of soiled, torn, imperfect currency notes: Bank branches you can exchange, procedure, limit
A ‘soiled note’ means a note which has become dirty due to normal wear and tear and also includes a two piece note pasted together wherein both the pieces presented belong to the same note and form the entire note with no essential feature missing.
Nepal President's economic advisor resigns after criticising inclusion of Indian territories in map on Nepal Rs 100 notes
The economic advisor to Nepal's President resigned over remarks on new hundred-rupee notes with a controversial map. President approved Chiranjivi Nepal's resignation, citing media misinterpretation. The new map includes disputed territories. Former Prime Minister Oli criticized the advisor, sparking debate on national interest and diplomatic implications. India rejects Nepal's new map, expressing discontent with the decision to issue new notes. Nepal's government stands by its decision, despite India's objections.
5 Cash Counting Machines for efficient cash management
Managing cash efficiently is crucial for businesses of all sizes. To streamline this process and ensure accuracy, cash counting machines have become essential tools. Explore 8 top cash counting machines that offer advanced features such as high-speed counting, counterfeit detection, and convenient batch sorting.
India's transaction trends: ePayment riches leave circulation of currency poorer
India's transition to digital payments is effectively curbing the traditional outflow of currency from its banking system, as evidenced by the sharpest decline in the growth of currency in circulation (CIC) since demonetisation in FY24. The Reserve Bank of India's (RBI) decision to phase out Rs 2,000 banknotes from circulation last year further contributed to this trend.
Nepal Dy PM signals negotiations on disputed boundary days after currency note
Nepal Deputy PM and foreign affairs minister Narayan Kaji Shrestha has signaled negotiations with India to resolve the boundary issue with the country. External affairs minister S Jaishankar stated that Nepal's move would not change the situation or reality on the ground. Sources said the decision to issue a new ₹100 note with a map depicting disputed territories with India was political opportunism.
"They unilaterally took some measures": EAM Jaishankar on Nepal introducing new Rs 100 currency note featuring disputed Indian territories
Contesting Nepal's decision to introduce a new Rs 100 currency note featuring disputed Indian territories External Affairs Minister S Jaishankar said that New Delhi's position is very clear adding that Kathmandu unilaterally took some measures on their side.
Nepal to introduce new Rs 100 currency note featuring disputed territories with India
"The meeting of the council of ministers chaired by Prime Minister Pushpakamal Dahal 'Prachanda' took a decision to print the new map of Nepal, which includes the Lipulekh, Limpiyadhura and Kalapani in the Rs 100 denomination bank notes," government spokesperson Rekha Sharma told media persons while briefing about the cabinet decision.
97.76% of Rs 2000 currency notes returned, says RBI
The Reserve Bank of India (RBI) reported that 97.76% of the Rs 2000 denomination banknotes have been returned to the banking system, leaving only Rs 7,961 crore with the public. Since the announcement of their withdrawal from circulation on May 19, 2023, the total value of Rs 2000 banknotes has decreased from Rs 3.56 lakh crore to Rs 7,961 crore by April 30, 2024. Despite the withdrawal announcement, Rs 2000 banknotes remain legal tender.
97.69% of Rs 2,000 currency notes returned: RBI
The Reserve Bank of India (RBI) reported that nearly 97.69% of the Rs 2000 denomination banknotes have returned to the banking system, leaving only Rs 8,202 crore worth of withdrawn notes still with the public. The total value of Rs 2000 banknotes in circulation has declined from Rs 3.56 lakh crore on May 19, 2023, when the withdrawal was announced, to Rs 8,202 crore on March 29, 2024.
Madhya Pradesh man learns printing skills in jail, produces Rs 200 fake notes after getting released
A 35-year-old man from Madhya Pradesh, Bhupendra Singh Dhakat, used printing skills learned in jail to create counterfeit notes. Police seized 95 fake Rs 200 notes, printer, ink, and paper from his residence in Madhya Pradesh. Dhakat admitted to circulating the fake money, despite a criminal history that includes murder cases.
RBI says more than 97% of 2,000-rupee notes returned since May 2023
Over 97% of India's 2,000-rupee currency notes, withdrawn in May 2023, have been returned. The total value of banknotes in circulation reduced to 8,470 crore rupees. The return rate is modest compared to the previous report. The 2,000-rupee note remains legally valid tender.
Impact of Rs 2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in Feb
The growth rate of currency in circulation slowed down to 3.7% for the week ended February 9, compared to 8.2% a year earlier, due to the Reserve Bank of India's decision to withdraw Rs 2,000 banknotes. Currency in circulation includes all notes and coins in circulation, excluding cash held by banks. Commercial banks also saw double-digit growth in deposits in January, which can be linked to the withdrawal of Rs 2,000 notes.
Facility to exchange/deposit Rs 2,000 notes to remain closed on Jan 22: RBI
The Rs 2,000 bank notes were introduced in November 2016, following the demonetisation of the then-prevailing Rs 1,000 and Rs 500 bank notes. The Rs 2,000 bank notes continue to be legal tender.
Exchange of Rs 2000 note at RBI Mumbai office will not be available tomorrow
The Reserve Bank of India (RBI) informed that owing to operational considerations, the exchange of Rs 2,000 notes will not be available on January 12 at the RBI's Mumbai Regional Office.
RBI says Rs 2,000 notes can be exchanged through post offices as well
In May last year, the apex bank announced its decision to withdraw the Rs 2,000 notes, which was first introduced after the demonetisation exercise in 2016. The decision to withdraw the Rs 2,000 notes was taken as most of these notes had exceeded their expected lifespan and were also not being used by the public for transactions, the RBI had said.
97.38 percent of Rs 2000 notes back with RBI
The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹9,330 crore at the close of business on December 29, 2023, RBI said
Last date to exchange Rs 2000 bank notes extended
The Reserve Bank of India has extended the deadline to exchange, deposit Rs 2000 deadline from September 30, 2023.
Will you be able to exchange or deposit Rs 2000 notes after September 30?
The Reserve Bank of India, in its notification dated May 19, 2023, announced the withdrawal of Rs 2,000 note from circulation. The RBI asked the public to deposits and/or exchange the Rs 2000 currency notes by September 30, 2023. However, the notification did not clarified what will happen if an individual is not able to deposit or exchange Rs 2000 note by September 30. Do note that Rs 2000 note continues to remain legal tender.
Load More
