Police in Udham Singh Nagar have arrested two individuals and seized a significant amount of fake currency, uncovering a sophisticated operation involving counterfeit notes.
Punjab Police busted a fake currency module in Malerkotla, arresting four individuals and seizing counterfeit currency worth Rs 5.50 lakh.
The primary objective of introduction of polymer notes was to increase its life and not to combat counterfeiting.
The Indian rupee is highly vulnerable among Asian currencies, with Barclays and MUFG warning of a potential depreciation towards 100/$ if the West Asia conflict persists, driven by widening current account deficits and elevated crude oil prices.
A Bank of Baroda employee in Ahmedabad has been arrested for allegedly stealing Rs 8.7 crore from an RBI currency chest and laundering the money into properties and cryptocurrency.
Indore police seized 566 bundles of fake Rs 500 notes from abandoned bags. Only 84 notes were genuine, with the rest being plain paper designed to resemble currency. An investigation is underway to determine the source and intended use of the fake notes.
Two men were arrested in Dakshina Kannada district, Karnataka, and counterfeit currency notes with a face value of Rs 2.38 lakh were seized from them, police said.
Delhi Police have arrested two men for allegedly defrauding a tour operator of Rs 1 lakh using fake currency notes under the guise of a currency exchange scheme.
Hamirpur Police arrested two individuals involved in a counterfeit currency racket after a shopkeeper was defrauded. The suspects, using fake Rs 200 notes to obtain genuine Rs 500 notes, were identified through CCTV footage and ITMS. Police recovered counterfeit notes and are investigating further.
The Reserve Bank of India (RBI) reported a 5.7 per cent increase in counterfeit currency notes detected in the banking system during 2025-26, with fake Rs 500 notes showing the sharpest rise, becoming the most detected denomination.
Police in Bahraich, Uttar Pradesh, have arrested four individuals involved in printing and circulating counterfeit currency. The suspects were apprehended with fake notes and a colour printer used in the operation.
India's foreign exchange reserves saw an increase of USD 963 million, reaching USD 672.587 billion for the week ending June 19, as reported by the RBI. This rise follows a previous week's drop. While foreign currency assets decreased, the value of gold reserves significantly increased, contributing to the overall growth.
A 50-year-old man was arrested in Sambhal, Uttar Pradesh, for possessing counterfeit Indian currency notes. Police recovered Rs 20,000 in fake currency and are investigating the source and any accomplices.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
Police in Aligarh have recovered incriminating materials, including live cartridges and suspected fake currency, from a room in an Aligarh Muslim University hostel. The raid followed a tip-off and is linked to an ongoing investigation into a recent shooting incident.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
US President Donald Trump's signature will soon appear on US paper currency, coinciding with the 250th anniversary celebrations of American Independence.
India's foreign exchange reserves saw a substantial decline of USD 9.985 billion, reaching USD 671.625 billion for the week ended June 12, primarily driven by a sharp decrease in gold reserves, according to the Reserve Bank of India (RBI).
India's foreign exchange reserves decreased by $711 million to $681.61 billion for the week ending June 5, primarily driven by a significant reduction in foreign currency assets, according to the Reserve Bank of India (RBI).
The rupee has been among the The RBI uses the Iran-US peace deal to bolster its forex reserves.
The trustees are "shocked" by the developments and are duty-bound to ensure that a fair inquiry is conducted and the faith of devotees is restored.
Ahmedabad police, while investigating a murder, uncovered a large fake currency racket, seizing counterfeit notes worth Rs 28.9 lakh and arresting five men and apprehending a minor. The investigation revealed that the murder victim was the kingpin of the operation, killed by his associates due to abuse. Police are now probing the circulation of the remaining fake notes.
Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.
A yoga teacher from Surat and six others have been arrested in Ahmedabad for circulating fake Indian currency notes (FICN). Police estimate they may have circulated Rs 10 to 12 lakh in counterfeit money.
Investigators recovered nearly Rs 80 lakh in cash and some foreign currency from six of the accused.
Ahmedabad police have seized counterfeit Indian currency with a face value of 2.38 crore and arrested seven individuals, including a yoga teacher from Surat. The operation uncovered the use of AI and e-commerce platforms to produce and distribute the fake notes.
Police in Thane, India, seized firearms, weapons, and counterfeit currency from the home of a known criminal, Surendra Pandurang Patil, during a raid.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Analysts predict that developments in US-Iran negotiations, fluctuations in crude oil prices, and key global economic data will be the primary drivers of gold and silver prices in the coming week, with a strong focus on talks in Switzerland.
Accenture's revised annual revenue growth forecast and weaker-than-expected fourth-quarter guidance have sent shockwaves through the Indian IT sector, causing major IT stocks and the Nifty IT index to tumble significantly.
A joint operation by Nepal and West Bengal police has led to the arrest of seven individuals and the seizure of counterfeit currency worth approximately Rs 70 crore from a flat near Kolkata.
The US Treasury Department is exploring the possibility of featuring Donald Trump's portrait on a new $250 note, pending congressional approval to amend the law that prohibits living individuals from being depicted on US currency.
'The MPC is likely to prioritise the key mandate, which is inflation, while relying on other instruments to stabilise the currency and bond markets.'
'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'
The main accused in the Kerala Lottery Welfare Fund fraud case, Sangeeth, has claimed he burnt Rs 6 crore in cash, consisting of demonetised Rs 500 and Rs 1,000 notes, after being unable to use them. He is accused of embezzling Rs 14 crore from the welfare fund, prompting a forensic investigation.
The Enforcement Directorate has summoned the two sons of Karnataka Congress MLA N A Haris for questioning in a crypto currency-linked money laundering case. The case involves hacking websites, stealing bitcoins, and selling virtual digital assets, with the Nalapad brothers previously denying wrongdoing and alleging political vendetta.
Over Rs one lakh in currency notes damaged by termites was recovered from two suitcases in a college union room in Central Kolkata, prompting a police probe.
India's foreign exchange reserves increased by USD 938 million to USD 682.321 billion during the week ended May 28, according to the Reserve Bank of India, following a previous week's drop.
India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism, linking India's UPI with Nepal's NPI. This system allows real-time money transfers via mobile banking, enhancing convenience for travellers and businesses, fostering financial inclusion, and strengthening economic ties between the two nations.
Eight people have been arrested for posing as police officers and robbing a man of 5,000 in a currency exchange scam near Kalyan railway station.
