News for 'currency notes'

Global Investing: What YOU Must Know

Global Investing: What YOU Must Know

Rediff.com16 Oct 2025

Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.

Bed of banned notes: Rs 97 crore in demonetised currency seized, 16 held

Bed of banned notes: Rs 97 crore in demonetised currency seized, 16 held

Rediff.com17 Jan 2018

The Uttar Pradesh government said prima facie no terror link had been established.

'People Know Gandhi As Villain Or Hero'

'People Know Gandhi As Villain Or Hero'

Rediff.com3 Oct 2025

'They are clueless about the man on the currency notes.' 'They have been fed with WhatsApp forwards, so either Gandhi is vilified or deified. There's nothing in between.'

Cash row: Justice Yashwant Varma stripped of judicial work

Cash row: Justice Yashwant Varma stripped of judicial work

Rediff.com24 Mar 2025

The Delhi High Court has withdrawn the judicial work of Justice Yashwant Varma "with immediate effect" after allegations of a large amount of cash being found at his residence following a fire. The Supreme Court had previously uploaded an inquiry report, including photos and videos, regarding the allegations.

FPIs offload equities worth Rs 23,885 cr in Sep

FPIs offload equities worth Rs 23,885 cr in Sep

Rediff.com5 Oct 2025

Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around $2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore ($17.6 billion).

Rs 2000 notes worth Rs 6,266 cr still in circulation: RBI

Rs 2000 notes worth Rs 6,266 cr still in circulation: RBI

Rediff.com2 May 2025

The high value Rs 2000 notes worth Rs 6,266 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data. The Rs 2000 banknotes continue to be legal tender.

Want To Invest In US Markets? Read This

Want To Invest In US Markets? Read This

Rediff.com24 Nov 2025

New investors or those with lower-than-planned exposure should add US-oriented funds through SIPs.

UPI Boom Drives Down Cash Demand

UPI Boom Drives Down Cash Demand

Rediff.com25 Sep 2025

UPI crossed 20 billion monthly transactions for the first time in August 2025, with a transaction value of Rs 24.85 trillion.

Cong MP calls PM 'Pagla Modi' for 2000 note scrapping

Cong MP calls PM 'Pagla Modi' for 2000 note scrapping

Rediff.com24 May 2023

"The people are completely frustrated with this government. Now, people are raising their voice, they are saying that everyone (political parties) will have to come together under Congress' leadership to fight against them (BJP)," he added.

India's Hottest Jobs In 2026

India's Hottest Jobs In 2026

Rediff.com26 Nov 2025

Across all sectors, the future of work depends on adaptability.

SC rejects plea against exchange of 2000 notes sans proof

SC rejects plea against exchange of 2000 notes sans proof

Rediff.com10 Jul 2023

"This is the matter of executive policy decision," the bench said while dismissing the appeal.

Fake currency, black money like Jarasandha: Govt to SC on note ban

Fake currency, black money like Jarasandha: Govt to SC on note ban

Rediff.com5 Dec 2022

The Constitution bench is hearing a batch of 58 petitions challenging the demonetisation exercise.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com20 Oct 2025

Equity market investors would track global trends, foreign fund movement and quarterly earnings in a holiday-shortened week ahead, analysts said. Stock exchanges BSE and NSE will conduct a special Muhurat trading session on Tuesday, October 21.

'Tughlaqi demonetisation drama': Oppn on 2000 note ban

'Tughlaqi demonetisation drama': Oppn on 2000 note ban

Rediff.com20 May 2023

The Bharatiya Janata Party rejected this was any sort of demonetisation and instead reminded the Congress that even during the rule of Manmohan Singh, old currency notes were taken off circulation.

NSE to conduct 1-hr Diwali Muhurat trading on Oct 21

NSE to conduct 1-hr Diwali Muhurat trading on Oct 21

Rediff.com22 Sep 2025

The National Stock Exchange (NSE) on Monday said it will conduct a special Muhurat trading session on Tuesday, October 21, to mark the festival of Diwali.

UPI Goes Global, Fintech Hits A Wall

UPI Goes Global, Fintech Hits A Wall

Rediff.com1 Nov 2025

'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'

Man Scares Minor With Cobra, Molests Her

Man Scares Minor With Cobra, Molests Her

Rediff.com22 May 2025

The Kota police have arrested a 29-year-old man for allegedly molesting a minor girl after scaring her with a cobra he kept illegally at his home.

Nepal's Rs 100 note to feature new map with disputed Indian territories

Nepal's Rs 100 note to feature new map with disputed Indian territories

Rediff.com4 May 2024

India maintains Lipulekh, Kalapani and Limpiyadhura belong to it.

Gold may rise towards $4,500 an ounce as Asia drives demand

Gold may rise towards $4,500 an ounce as Asia drives demand

Rediff.com17 Oct 2025

Gold's glittering rally is expected to continue, with prices likely to climb towards $4,500 per ounce in overseas markets, supported by sustained global central bank purchases, persistent geopolitical tensions, and strong Asian demand, according to a report by Motilal Oswal Financial Services Ltd. Silver, which has outperformed gold in terms of returns so far this year, is projected to climb to around $75 per ounce, aided by robust industrial consumption and a widening supply deficit, the report said.

Rupee undervalued as compared to peers

Rupee undervalued as compared to peers

Rediff.com26 Sep 2025

The rupee is undervalued as compared to its peers, shows the latest data from the Reserve Bank of India (RBI), even as the local currency keeps hitting new lows.

LS speaker forms panel to probe Justice Varma in cash row

LS speaker forms panel to probe Justice Varma in cash row

Rediff.com12 Aug 2025

Lok Sabha Speaker Om Birla admitted a notice for the removal of High Court judge Justice Yashwant Varma and constituted a three-member committee to probe charges against him.

India among UBS' preferred bets amid positive EM outlook

India among UBS' preferred bets amid positive EM outlook

Rediff.com29 Oct 2025

UBS has turned bullish on emerging markets (EM), including India, as it finds benign macro trends, positive momentum in earnings revisions, and resilient EM currencies helping these economies sustain higher valuations and attracting flows. Among regions, it has upgraded Mainland China to 'attractive' and China Tech to 'most attractive', while downgrading Philippines to 'neutral'.

MPs submit notices to seek removal of Justice Verma

MPs submit notices to seek removal of Justice Verma

Rediff.com21 Jul 2025

Stepping up the heat on Justice Yashwant Varma, parliamentarians on Monday submitted notices to the presiding officers of the Lok Sabha and the Rajya Sabha for the removal of the Allahabad high court judge from whose residence in New Delhi burnt wads of currency notes were found.

BSF gets body cams, biometric tools to tackle infiltration from Bangladesh

BSF gets body cams, biometric tools to tackle infiltration from Bangladesh

Rediff.com27 Jul 2025

The two policy decisions to bolster BSF capabilities at this front have been taken in the wake of the stepped up security arrangements along the border following the fall of the Sheikh Hasina government in Bangladesh on August 5, 2024.

Rupee overvalued vs key currencies despite new lows against $

Rupee overvalued vs key currencies despite new lows against $

Rediff.com3 Oct 2024

The rupee remains overvalued against the currencies of India's trading partners, even as it hit record lows against the dollar in August and September. According to the Reserve Bank of India's (RBI) real effective exchange rate (REER) index, the rupee stood at 5.5 per cent above its fair value in August, down from 7.7 per cent in July. This slight easing followed fears of a US recession and the unwinding of yen carry trades, which exerted pressure on the Indian currency.

All parties on board to impeach Justice Varma: Rijiju

All parties on board to impeach Justice Varma: Rijiju

Rediff.com18 Jul 2025

Parliamentary Affairs Minister Kiren Rijiju says all political parties support the impeachment of Justice Yashwant Varma after burnt currency notes were found at his residence.

Rupee Asia's Second Worst Performing Currency In August

Rupee Asia's Second Worst Performing Currency In August

Rediff.com2 Sep 2024

The rupee has depreciated by 0.6 per cent so far in the current financial year.

Sitharaman asks fintechs to strengthen risk management to check AI misuse

Sitharaman asks fintechs to strengthen risk management to check AI misuse

Rediff.com8 Oct 2025

Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.

Cash recovery: CJI sets up probe panel after HC CJ's report, police video

Cash recovery: CJI sets up probe panel after HC CJ's report, police video

Rediff.com23 Mar 2025

The Chief Justice of India (CJI) Sanjiv Khanna has ordered an in-house inquiry into allegations against a Delhi High Court judge, Justice Yashwant Varma, after reports of burnt cash being found at his residence. The inquiry will be conducted by a three-member committee headed by Justice Sheel Nagu, Chief Justice of the Punjab and Haryana High Court. The allegations stem from a report by the Delhi High Court Chief Justice Devendra Kumar Upadhyaya, who stated that four to five semi-burnt sacks of Indian currency notes were found at Justice Varma's residence following a fire. Justice Varma has strongly denied the allegations, calling them a conspiracy to frame him.

A first in 10 yrs: Currency flow drops in H1 due to Rs 2k note withdrawal

A first in 10 yrs: Currency flow drops in H1 due to Rs 2k note withdrawal

Rediff.com3 Oct 2023

The currency in circulation (CIC) declined in the first half of this financial year and this is the first time this has happened in H1 in at least 10 years. The CIC on March 31, 2023, was Rs 33.78 trillion, which fell to Rs 33.01 trillion on September 22 -- a difference of about Rs 76,658 crore. In the first half of the last two financial years, the CIC went up by Rs 33,357 crore in FY23 and Rs 84,978 crore in FY22.

Hamza decodes the India spin test ahead of tough tour

Hamza decodes the India spin test ahead of tough tour

Rediff.com1 Nov 2025

'I think it's an ongoing process, just continuously putting in hours of work and speaking to people that have played in these conditions, have done well in these conditions.'

Rs 2,000 notes: RBI is cautious not to repeat mistakes of 2016 demonetisation

Rs 2,000 notes: RBI is cautious not to repeat mistakes of 2016 demonetisation

Rediff.com22 May 2023

The Reserve Bank on Monday advised banks to provide shade from the sun and water to customers waiting to exchange or deposit Rs 2,000 notes. It can be noted that during the note ban in 2016, there were allegations of customers dying while waiting in queues to exchange bank notes. Following Friday's announcement of withdrawing Rs 2,000 notes -- the notes continue to be legal tender unlike demonetisation exercise -- there were concerns about customers facing inconvenience, especially given the summer being at its peak.

Invest in Gold ETF Or Fund-Of-Funds?

Invest in Gold ETF Or Fund-Of-Funds?

Rediff.com28 Oct 2025

'Allocating 5 to 10 per cent of one's portfolio and staying disciplined through market cycles helps in having a positive investment experience.'

Amazon Pay accepts Rs 2,000 notes to top up customers' digital wallet

Amazon Pay accepts Rs 2,000 notes to top up customers' digital wallet

Rediff.com21 Jun 2023

Amazon customers can now use their Rs 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs 50,000 per month, including notes of Rs 2,000 denomination, Amazon said. The cash load at doorstep service by Amazon Pay is helping consumers convert high-value notes for digital transactions.

Cash row: Judge Yashwant Varma denies role before SC panel

Cash row: Judge Yashwant Varma denies role before SC panel

Rediff.com20 Jun 2025

The three-judge panel headed by Chief Justice Sheel Nagu of the Punjab and Haryana High Court conducted the inquiry for 10 days, examined 55 witnesses and visited the scene of the accidental fire that started at around 11.35 pm on March 14 at the official residence Justice Varma, then a sitting judge of the Delhi High Court and now in the Allahabad High Court.

PIL against withdrawal of Rs 2,000 notes dismissed

PIL against withdrawal of Rs 2,000 notes dismissed

Rediff.com3 Jul 2023

The Delhi high court on Monday dismissed a public interest litigation (PIL) challenging the RBI's decision to withdraw Rs 2,000 denomination banknotes from circulation. A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad, which had reserved its order on the PIL on May 30, rejected the plea. Petitioner Rajneesh Bhaskar Gupta has contended that the Reserve Bank of India (RBI) has no power to withdraw Rs 2,000 currency notes from circulation and only the Centre could have taken a decision in this regard.

RBI defends Rs 2000 note exchange exercise in court, says not demonetisation

RBI defends Rs 2000 note exchange exercise in court, says not demonetisation

Rediff.com23 May 2023

The Reserve Bank of India (RBI) on Tuesday told the Delhi high court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience.

Marico Q2 volume growth likely to be in high single digit

Marico Q2 volume growth likely to be in high single digit

Rediff.com4 Oct 2025

Marico is expected to post high single-digit volume growth in the India business in the July-September quarter. However, it is expected to moderate sequentially, the company said in its quarterly update on exchanges.

Banks to start exchange of Rs 2000 notes on May 23

Banks to start exchange of Rs 2000 notes on May 23

Rediff.com20 May 2023

The Reserve Bank of India on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30. The bank notes in Rs 2,000 denomination will continue to be a legal tender, the RBI said in a statement. In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, the RBI said exchange of Rs 2,000 bank notes into bank notes of other denominations can be made up to a limit of Rs 20,000 at a time at any bank starting from May 23, 2023.

Rupee weakens 3.7% in H1FY26, hits fresh lows on US tariffs, outflows

Rupee weakens 3.7% in H1FY26, hits fresh lows on US tariffs, outflows

Rediff.com1 Oct 2025

The rupee continued to face pressure in the first half of the current financial year (FY26), hitting fresh lows against the dollar, due to strengthening of the greenback, rising crude oil prices, and foreign outflows. Rupee has depreciated by 3.7 per cent so far in the current financial year after starting at a good note in April.