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Digital Rupee

Rupee Rises 14 Paise To 79.77 Against US Dollar In Early Trade

However, higher oil prices, month-end importer demand and global recession fears could restrict the gains for the local unit, forex traders said

28 July 2022

Rupee Rises 9 Paise To 79.81 Against US Dollar In Early Trade

At the interbank foreign exchange, the rupee opened at 79.86 against the American dollar. In initial trade, the local currency witnessed a high of 79.81 and a low of 79.87 against the US dollar


Phased Implementation Of Digital Currency For Wholesale, Retail Segments At Works: RBI Official

The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act,


Rupee Falls 10 Paise To 79.88 Against US Dollar In Early Trade

At the interbank foreign exchange, the rupee opened at 79.83 against the US dollar, then fell to 79.88 against the greenback, registering a decline of 10 paise over the last close

27 July 2022

Rupee Falls 7 Paise To 79.92 Against Us Dollar In Early Trade

At the interbank foreign exchange, the rupee opened at 79.90 against the US dollar, then fell to 79.92 against the greenback, registering a decline of 7 paise over the last close


Rupee Falls 7 Paise To All-time Low Of 80.05 Against US Dollar In Early Trade

At the interbank foreign exchange, the rupee opened at 80 against the American dollar, then lost ground to quote at 80.05, registering a fall of 7 paise from the last close

19 July 2022

Rupee Trades In Narrow Range Against US Dollar In Early Trade

At the interbank foreign exchange, the rupee opened at 79.73 against the dollar and moved in a narrow range. It touched an early low of 79.79 in initial deals

26 July 2022

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Modi 'Harmful' For Rupee, Govt 'Directionless': Congress

The rupee recovered 8 paise to settle at 79.91 (provisional) against the US currency on Friday, tracking heavy buying in domestic equities and weakness in the greenback overseas

15 July 2022

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15 July 2022
Rupee At Life-Time Low To Hit Imports, Overseas Education, Travel

Rupee At Life-Time Low To Hit Imports, Overseas Education, Travel

The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a...


14 July 2022
Rupee Edges Closer To 80-mark, Slides 18 Paise To 79.99 Vs Dollar

Rupee Edges Closer To 80-mark, Slides 18 Paise To 79.99 Vs Dollar

While wholesale inflation remained double-digit for 15 straight months to June, expected deterioration in the country's current account deficit and forex...


08 July 2022
Rupee Falls 12 Paise To 79.25 Against Us Dollar In Early Trade

Rupee Falls 12 Paise To 79.25 Against Us Dollar In Early Trade

At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 paise...


01 July 2022
Rupee Gains 12 Paise To Close At 78.94 Against US Dollar

Rupee Gains 12 Paise To Close At 78.94 Against US Dollar

At the interbank forex market, the local unit opened at 78.99 against the greenback and fell to an intra-day low of 79.12. 


01 July 2022
Rupee Hits Record Low Of 79.11 Against Us Dollar In Early Trade

Rupee Hits Record Low Of 79.11 Against Us Dollar In Early Trade

At the interbank foreign exchange, the rupee opened on a weak note at 78.99 against the American dollar, then lost ground to quote at 79.11 -- its all-time low...


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30 June 2022
Why Is Rupee Falling And How Will It Impact The Indian Economy And People? 

Why Is Rupee Falling And How Will It Impact The Indian Economy And People? 

On Wednesday, the rupee hit a record low of 79.03 against the US dollar, it has declined nearly 6 per cent since January this year


20 June 2022
Rupee Gains 7 Paise To Close At 77.98 Against US Dollar

Rupee Gains 7 Paise To Close At 77.98 Against US Dollar

At the interbank forex market, the local unit opened strong at 77.98 against the greenback and witnessed an intra-day high of 77.87 and a low of 78.03


16 June 2022
Rupee Recovers From Record Low, Spurts 12 Paise To 78.10 Per US Dollar

Rupee Recovers From Record Low, Spurts 12 Paise To 78.10 Per US Dollar

On Wednesday, the rupee had plunged 18 paise to close at a new all-time low of 78.22


14 June 2022
Rupee Ends Almost Flat At 78.03 Against US Dollar

Rupee Ends Almost Flat At 78.03 Against US Dollar

Forex traders said lacklustre domestic markets, elevated crude oil prices and persistent foreign capital outflows weighed on the local unit


02 June 2022
In Fresh Salvo, RBI Deputy Gov Says Digital Rupee Will Kill Private Cryptos

In Fresh Salvo, RBI Deputy Gov Says Digital Rupee Will Kill Private Cryptos

In February 2022, Nirmala Sitharaman had announced in her budget speech, the plan to launch the Digital rupee in this financial year


30 May 2022
Will Introduction of CBDC Reduce The Fake Notes Menace In India?

Will Introduction of CBDC Reduce The Fake Notes Menace In India?

Experts believe that Central Bank Digital Currency (CBDC) can dent the circulation of fake notes as it will be traceable


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12 May 2022
Rupee Falls 30 Paise To 77.55 Against US Dollar In Early Trade

Rupee Falls 30 Paise To 77.55 Against US Dollar In Early Trade

Besides, persistent foreign fund outflows and elevated crude oil prices impacted the domestic unit, forex traders said.


28 February 2022
Will the RBI-Issued Digital Rupee Based on Blockchain Technology Be a Big Boon For India?

Will the RBI-Issued Digital Rupee Based on Blockchain Technology Be a Big Boon For India?

Digital rupee is likely to cater to the educated and technology-savvy users, but the replacement of extant modes like cash and traditional banking is...


14 February 2022
Discussions On With RBI Over Digital Rupee, Says Finance Minister

Discussions On With RBI Over Digital Rupee, Says Finance Minister

Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming...


06 February 2022
Digital Rupee To Make Debut By Early 2023

Digital Rupee To Make Debut By Early 2023

Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'Digital Rupee' soon.


03 February 2022
Not Bitcoin, RBI’s Digital Rupee Will Be More Like Sovereign Paytm

Not Bitcoin, RBI’s Digital Rupee Will Be More Like Sovereign Paytm

Well-placed sources in the government have told Outlook Business that what Nirmala Sitharaman proposed in the Union Budget 2022-23 will be a wallet that will...


02 February 2022
Digital Rupee Can Be Exchanged For Cash, Says PM Modi

Digital Rupee Can Be Exchanged For Cash, Says PM Modi

He said the central bank digital currency or the digital rupee will make online payments more secure and risk-free and boost the digital economy in the years...


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