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Latest Articles in currencies

Government Extends Concessions: Rs 500, Rs 1,000 Notes Valid For Key Utilities Till Nov 14

With banks struggling to cope with rush to get alternative currency, the government on Friday night extended use of old defunct 500 and 1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores by another 72 hours to November 14

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Indian Economy Starts A New Chapter As Demonetisation Begins

People and businesses have started to find means and ways to continue with business as usual after the government's decision to demonetise Rs 500 and Rs 1,000 currency notes

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Demonetisation: Ola Money Sees 1500% Rise In Wallet Recharge

Digital payment solution Ola Money has reported over 1500 per cent increase in recharges across 102 cities of its operation in past 15 hours after government withdrew circulation denominations of Rs 500 and Rs 1,000 currency notes in a major move against black money and graft

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Indian Diaspora Caught Out By Surprise Currency Clampdown

In Hong Kong's Chungking Mansions, home to more than a dozen money changers and a key hub for Indian businesses and traders, the Indian rupee found no takers

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SBI Working To Make Rs 100 Notes Available At Branches, ATMs

The nation's largest lender State Bank of India on Wednesday said it is gearing up to make available the Rs 100 notes at all its ATMs and branches across in the next two days, to help reduce the inconvenience of the public after the government last night scraped Rs 500 and Rs 1,000 banknotes

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Deposits Of Old Notes In Banks Not To Enjoy Tax Immunity, Says FM Arun Jaitley

Finance Minister Arun Jaitley on Wednesday said deposits of now-defunct old Rs 500 and Rs 1,000 currency notes in bank accounts will not enjoy immunity from tax and the land of law will apply on source of such money

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Government's Shock Withdrawal Of Rs 500, Rs 1000 Notes Sparks Chaos In Cash Economy

The government's sudden withdrawal of Rs 500 and Rs 1,000 notes from circulation, in a bid to flush out money hidden from the tax man, caused chaos on Wednesday as petrol pumps and other retailers refused to accept the larger bills, and bank ATMs stayed closed

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Markets Likely To Welcome Scrapping Of Larger Banknotes, Say Analysts

Markets are likely to welcome the country's move to kill off its Rs 500 and Rs 1,000 banknotes on Wednesday - the US presidential election result notwithstanding - as banks' coffers will fill up as people deposit the notes as part of the process

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Demonetization Fallout: 20-30% Correction In Property Prices Expected

The prices of real estate is expected to dip across the Tier-II and Tier-III towns where a large chunk of the property transactions tend to involve the cash component

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RBI Issues Clarification After Rs 500 And Rs 1,000 Notes Abolished

Those who need higher amount of cash above the Rs 4,000 exchange limit can use bank accounts to pay for their requirements by cheque or through electronic means such as online banking, mobile wallets, and credit and debit cards

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PM Modi Scraps Rs 500 And Rs 1,000 Notes; Rs 2,000 Note Will Be Issued

People who possess currency notes of Rs 500 and Rs 1,000 denominations can exchange them in banks and post offices from November 10 to December 30

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'Withdrawal Of Rs 500 And Rs 1,000 Notes Surgical Strike On Black Money'

Modi said people holding notes of Rs 500 and Rs 1,000 can deposit the same in their bank and post office accounts from November 10 till December 30

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Rupee Down Five Paise, Stronger Equities Contain Fall

Forex dealers said strength in the dollar against some other currencies overseas after FBI said Hillary Clinton would not face criminal charges over her use of a private email server weighed on the rupee

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RBI Issues Guidelines For Forex Hedging By Foreign Companies

The central bank says profits and losses arising from hedging transactions in India must be reflected in the books of the domestic subsidiaries of multinational companies

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Rupee Tumbles 16 Paise, Stronger Equities Contain Fall

Dealers said a strengthening dollar against other currencies overseas amid mounting expectations of higher borrowing costs in the US weighed on the rupee

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