Topic: Indian Rupee

Rupee declined for the first time in three days after geopolitical tensions escalated with Pakistan claiming airspace violation by its neighbour.

The rupee’s losses have deepened in recent days amid escalating tensions between India and Pakistan.

Rupee is missing out on revival of emerging currencies as oil prices rebound & concerns mount about an expensive bailout for farmers before elections.

Nepal has requested the RBI to allow the use of Rs 200, Rs 500 and Rs 2,000 banknotes in the country.

Before its disruptive demonetisation exercise in 2016, the Narendra Modi government was thinking of introducing bank notes of Rs 11 and Rs 21—denominations that are widely used for ‘shagun’ at weddings or other auspicious occasions.

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The proposal, however, was given a silent burial after RBI raised objections and the government turned its attention to demonetisation.

The Modi government suspects the Rs 2,000 note is being used for hoarding, tax evasion and money laundering.

Rupee on course for its best quarter since March 2017.

Sensex tanks over 500 points, Nifty falls below 10,400. Analysts say currency fall is a knee-jerk reaction. Indian assets declined as investors reacted to the...