Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve. Congress begins two days of hearings Tuesday on the currency planned by Facebook, to be called Libra, starting with the Senate Banking Committee.
Ranjan Dash, 30 and Bala Yadav, 29, both residents of Bihar's Motihari district, were arrested with the Nepalese currency on Wednesday during a routine security check at the border post in Birgunj Municipality, they said.
"Investment was strong in manufacturing, communication and financial services -- the top three industry recipients," said the UNCTAD World Investment Report 2019 released on Wednesday.
At the Interbank Foreign Exchange, the rupee opened on at 69.33 then fell to 69.38 against the US dollar, showing a decline of 4 paise over its previous closing.
The rupee had appreciated 49 paise to 69.74 in the previous session and inched up 6 paise to 69.80 against US dollar in the second session
The rupee opened at 68.60 at the interbank forex market, then gained further ground and touched 68.57, displaying gains of 6 paise over its last close.
The rupee on Thursday had strengthened by 20 paise to close at 69.34 against the US dollar.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported.
Besides, dollar-selling by exporters and banks, the dollar's weakness against some currencies overseas, helped the recovery in the domestic currency.
Taking to Twitter, the Congress scion wrote; "Breaking: Rupee slips to 73.77. It's not breaking - it's Broken"
Post demonetisation in November 2016, the Reserve Bank has introduced Rs 200 and Rs 2,000 notes. Besides, it came out with smaller notes of Rs 10, Rs 20, Rs 50, Rs 100 and Rs 500.
“Q1 GDP at 8.2 per cent is a statistic. Rupee at 70 to a dollar is a reality", wrote Chidambaram.
However he added that the repayment of funds, which was raised from overseas market in 2013, has been a main reason for rupee depreciation in the past few months.
The list is a part of the semi-annual report on "Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States" prepared by the US Department of Treasury for the US Congress.
The rupee had surged 37 paise yesterday in its best single-day show this year to breach the psychological 64-level
You never know what is lurking on your currency note. It might be a life-threatening disease-causing virus.
This Holi is special for many reasons. You may like to believe that you would follow the same old routine of dousing yourself in colours and spreading the festive spirit around with your near and
Stressing that the supply of currency notes in rural areas was not adequate, the Reserve Bank of India (RBI) today directed banks to send at least 40 per cent currency to their rural branches. "The
The Central Bureau of Investigation today arrested a senior official of the Reserve Bank of India in Bengaluru for his alleged involvement in the illegal exchange of currency worth Rs 1.50 crore.
Assam police today raided a local businessman's house here and seized about Rs 1.55 crore in new Rs 2,000 and Rs 500 currency notes.
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