The RBI has taken its clearest step yet towards introducing polymer banknotes. But why replace paper notes that have been in use for decades? WION Decodes

Will India switch to plastic currency? Why RBI wants to replace paper currency, and what it means for your wallet | WION Decodes

The currency market in India is bracing for a tectonic shift. In a bid to arrest the volatility in the Indian rupee, the Reserve Bank of India announced curbs on currency derivatives trading. But what exactly is currency derivatives and how will this rule impact traders?

India's currency derivatives market: How India's new rule will shape FX markets

New rule to impact 80% of volumes in currency derivatives market

India's foreign exchange reserves fell significantly to a one-month low of $566.94 billion in the week ending February 10, marking its biggest weekly decline in 11 months.

India's forex reserves mark the biggest weekly drop in 11 months

The government will change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3 to 4 years

Indian govt to change security features of banknotes every few years to combat fake currency

More than 2 lakh ATMs have been recalibrated, 2.2 lakh to go

Demonetisation: Significant number of Rs 500 notes being printed, says Indian government

The RBI has printed some 1.7 billion new 500- and 2,000-rupee notes, a fraction of the 24 billion individual notes that were withdrawn

Demonetisation: RBI says $184 billion, 80% of old notes, back in banks

The RBI has taken the decision following the shortfall in currency after the demonetisation of Rs 500 and Rs 1000 notes last month

Demonetisation: India's central bank to print new Rs 20, Rs 50 notes

The government will study an RBI proposal to increase limit of MSS bonds issued this year, economic affairs secretary Shaktikanta Das said

Demonetisation: Government considers issuing bonds under market stabilisation scheme

The court told the government the doors of the court cannot be shut in a situation where people were seriously affected

India's top court refuses to restrain high courts from taking up demonetisation cases

Around 12,000 to 14,000 ATMs are being recalibrated on a daily basis

Demonetisation: 82,500 ATMs recalibrated to dispense new notes

Banks and other financiers will get the extension for car, housing, farm and other loans of up to Rs 10 million (USD 146,800)

Demonetisation: Reserve Bank of India grants 60-day repayment relief to small loan borrowers

India's income tax department has decided to slap charges against violators under the newly enforced Benami Transactions Act

Demonetisation: Those involved in suspect cash deposits could face 7-year jail, warns Income Tax department

The I-T department has asked individuals and firms depositing more than Rs 2.5 lakh for the source of their income

Demonetisation: Income Tax notices for those depositing large amounts of cash

india-currency

India Currency, News on India Currency, stories on India Currency, articles on India Currency, India Currency stories at Wion, India Currency news, India Currency latest news

india currency