Stay updated with the latest currency news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on currency topics.
New Delhi [India], April 1 (ANI): The administration has heightened security arrangements across the national capital in view of Hanuman Jayanti, with special focus on religious places and procession routes. The police department has put elaborated arrangments on sensitive routes and prominent temples, with additional force deployment. Meanwhile, the surveillance and crowd management measures have been intensified to ensure smooth conduct of festivities, said officials. The authorities have al ...Read More >
New Delhi: Sammaan Capital is preparing to review a potential debt restructuring move, signaling active balance sheet management amid evolving market conditions. The company has called a meeting of its Securities and Investment Committee on April 7, 2026. The primary agenda is to evaluate and potentially approve a buyback of USD-denominated bonds. This internal review marks the first formal step toward executing the proposed transaction, subject to approvals. The proposed buyback suggests a st ...Read More >
India hikes commercial LPG prices again. 19 kg cylinders now cost over ₹2,000 in Delhi and Mumbai and over ₹2,200 in Kolkata and Chennai. Domestic LPG rates stay unchanged.Commercial LPG cylinder prices were hiked sharply across metros on April 1, with state-run oil marketing companies raising rates by up to ₹218 per 19-kg cylinder, marking the second increase in a month. In Delhi, the price of a 19-kg commercial LPG cylinder has risen by ₹195.50 to ₹2,078.50, while in Kolkata it has gone up by ...Read More >
New Delhi: Prices of commercial LPG cylinders have been increased by Rs 195.50 from April 1. A 19-kg commercial cylinder now costs Rs 2,078.50 in Delhi. This is the second consecutive monthly hike, after prices were raised by Rs 114.50 on March 1. The increase mainly impacts hotels, restaurants, and small businesses that depend on commercial gas for daily operations. Domestic LPG prices unchanged There is some relief for households. Domestic cooking gas prices have not been changed. A 14.2-kg ...Read More >
Mumbai: The rupee was the worst performer in Asia against the US dollar in FY26, shows an ET analysis of 10 rival currencies, after the local unit lost 9.88% through a year marked by record exits from Indian equities by overseas investors amid a global scramble for dollar-based assets. Opening the financial year at 85.59 per dollar, the rupee ended at 94.83. Yen Second Worst-performing This is after the local currency touched a record low of 95.22/$ amid consistent dollar demand throughout the ...Read More >
Kalyan: In a sensational development, Dombivli's notorious 'reel star' Surendra Patil has been arrested once again, barely eight days after securing bail in a rape case. The accused was apprehended with a massive cache of illegal weapons, sending shockwaves across the region. According to police sources, a raid conducted at Patil's residence led to a startling recovery of arms and ammunition. Authorities seized seven pistols, 370 live cartridges, along with sharp weapons including swords and ch ...Read More >
MUMBAI: The rupee, which has been bleeding since October 2024, ended FY26 on a bloody note, losing 9.5% at 94.83 after breaching the 95-mark on the last trading day of the year, making it the sharpest fall against the greenback in as many as 14 years and becoming the worst Asian currency for the second year on the trot. Last financial year also, the rupee was the worst Asian currency, losing nearly over 2.5% and the third worst in the world after the Turkish lira and the Argentinian peso, which ...Read More >
Mumbai, Mar 30 (PTI) The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking the sharpest decline against the greenback in 14 years. In FY12, the domestic currency declined by 12.4 per cent against the dollar at a time when the current account deficit had widened to 4.2 per cent. In the current fiscal year, the steep depreciation was driven by persistent foreign fund outflows, elevated crude oil prices, and a strengthening dollar globally. Volatility in global financi ...Read More >
New Delhi, March 31 (SocialNews.XYZ) With the FY26 fiscal set to end on Tuesday, investors are gearing up for several reforms, including revised Securities Transaction Tax (STT) rules that will come into effect from April 1. Many brokers, traders and demat account holders are concerned about the sharp increase in STT on futures and options (F&O) trades, following revisions announced by Finance Minister Nirmala Sitharaman in the Union Budget FY26-27. She had also proposed a significant increase ...Read More >
Bengaluru (Karnataka) [India], March 31 (ANI): Congress MP Randeep Singh Surjewala on Tuesday slammed the Centre after the rupee crossed the 95-mark against one USD, saying the prestige of the Prime Minister is sliding along with the value of the currency. Speaking to reporters in Bengaluru, Surjewala recalled PM Narendra Modi's critique of the then PM Manmohan Singh over the depreciating value of the rupee. "When one USD was equal to Rs 54, the then Gujarat CM Narendra Modi used to tell the t ...Read More >
Mumbai (Maharashtra) [India], March 31 (ANI): The Indian rupee is expected to remain volatile in the near term and may stabilise in the range of Rs 92.50 to Rs 93.50 against the US dollar, amid continued pressure from rising crude oil prices and sustained foreign investor outflows says experts. The rupee recently hit an all-time low of 95.23 on Monday, reflecting sharp volatility in both onshore and offshore currency markets. The weakness in the domestic currency comes as Brent crude prices rem ...Read More >
Nirmala Sitharaman says rupee is "absolutely fine" even as it crosses 95 per dollar, citing strong economic fundamentals and resilience versus peers. Finance Minister Nirmala Sitharaman on Monday said the country's economic fundamentals remain robust, asserting that the rupee is performing "absolutely fine" compared with other emerging market currencies against the dollar. Addressing a supplementary question in the Lok Sabha on the recent weakening of the rupee, Sitharaman highlighted the stre ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways -- all roads leading to higher prices and slower growth. The IMF said the war in the Middle East is upending lives and livelihoods in the region and beyond. "It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises. The shock is global, yet asymmetric. Energy i ...Read More >
New Delhi [India], March 31 (ANI): Amid sharp volatility in the currency markets and pressure on the Indian rupee, a report by the State Bank of India has suggested that oil marketing companies (OMCs) should be provided a special foreign exchange (FX) window to help stabilise the currency. The report noted that with the rupee witnessing sharp depreciation in a volatile global environment, the large and regular dollar demand from OMCs is adding to market pressure. It is recommended that regulato ...Read More >
New Delhi [India], March 31 (ANI): The recent depreciation in the Indian rupee after February 27 (start of the current conflict in West Asia) remains broadly in line with movements seen in other global currencies, and does not signal excessive weakness, according to a report by the State Bank of India. The report noted that the rupee's movement in the current phase reflects global uncertainty, adding that currencies which had appreciated earlier have corrected more sharply, indicating that usin ...Read More >
NEW DELHI: Shabbir Ahmed Lone, a 'most wanted' Lashkar-e-Taiba (LeT) commander, was arrested on Sunday nightfollowing a month-long operation by the Delhi Police special cell.Lone alias Raja Kashmiri had allegedly set up a Lashkar's cell in Bangladesh on ISI's directions and was running a cross-border terror network aimed at radicalising Indian and Bangladeshi youth to carry out terror attacks. Previously arrested in 2007 in Delhi and in 2016 in J&K, his arrest is being considered significant, as ...Read More >
Mumbai: The rupee on Monday slumped to breach the psychologically crucial barrier of 95/$, upending market expectations of a stronger year-end showing, as it finished FY26 by retreating the most in 14 years - nearly 11%. The last month, coinciding with the Iran war, was particularly brutal and accounted for a 4% decline. The currency, which touched an all-time low of 95.21/$, had briefly advanced to 93.59/$ in the early hours, its strongest level on Monday. The trading amplitude for the unit wa ...Read More >
Mumbai: Banks believe mark-to-market (MTM) treasury losses are expected to be significantly larger than estimated due to a sharp rise in 10-year yield, which crossed the psychological mark of 7% on Monday - its highest level since 2024. The 10-year yield closed at 7.03% on Monday, the last trading day of this fiscal year, versus its previous close of 6.94%. The money market will be closed on Tuesday due to Mahavir Jayanti. The yield jumped 37 bps in March, the biggest monthly move since Februar ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
NEW DELHI, Mar 30: The Special Cell of Delhi Police has arrested a suspected Lashkar-e-Taiba (LeT) handler, Shabir Ahmed Lone, from the Ghazipur area here, officials said on Monday. After his arrest, he was produced before a court, which sent him to five days of police custody. Follow the Daily Excelsior channel on WhatsApp Terming Lone as a "hardcore and highly-trained terrorist," the police said that he reportedly established links with handlers operating on behalf of Pakistan's Inter-Servi ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Monday said the rupee is "doing fine" when compared with the relative performance of other emerging market currencies against the dollar and that India's economic fundamentals remain strong amid the West Asia war. "India's economy is strong, our fiscal situation is strong, and the entire world is praising our fiscal deficit management. Our foreign exchange reserves remain solid," Sitharaman said in response to a supplementary question raised by ...Read More >
Hyderabad: The depreciation of the Indian rupee against foreign currencies like the US dollar due to the West Asia crisis is stepping up financial pressure on families of Indian students studying overseas, particularly in the United States and Canada. A weaker rupee will make tuition fees and living costs more expensive. Families who had already paid the full course fees earlier are feeling relieved, as they managed to avoid the impact of the weaker rupee. However, those who are paying fees sem ...Read More >
Srinagar, Mar 30: A Ganderbal resident, who was under a lookout notice issued by Counter Intelligence Kashmir, has been arrested by the Delhi Police Special Cell near the Bangladesh border, officials said. Shabir Ahmad Lone, said to be linked to terrorist organisation Lashker-e-Toiba, a resident of Kangan in Ganderbal district, had been on the radar of security agencies for his role in orchestrating terrorist recruitment and operating cross-border networks. The CIK had earlier declared him a wa ...Read More >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
Mumbai, Mar 30 (PTI) The rupee breached the 95/USD-mark in intra-day trade on Monday before regaining some lost ground to settle at 94.70 against the US dollar, up 15 paise, after Iran war escalation jolted global markets, fuelling rupee volatility and risk-off sentiment. Forex traders said the USD/INR pair witnessed high volatility and swung 165 paise during intra-day trade as the West Asia crisis entered the 31st day keeping energy markets nervous. At the interbank foreign exchange, the rupe ...Read More >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
New Delhi, Mar 30 (PTI) The Special Cell of Delhi Police has arrested a suspected Lashkar-e-Taiba (LeT) handler, Shabir Ahmed Lone, from the Ghazipur area here, officials said on Monday. After his arrest, he was produced before a court, which sent him to five days of police custody. Terming Lone as a "hardcore and highly-trained terrorist," the police said that he reportedly established links with handlers operating on behalf of Pakistan's Inter-Services Intelligence (ISI). "Lone, also known ...Read More >
New Delhi, Mar 30 (PTI) Precious metal prices rebounded by about 3 per cent in the national capital on Monday, with silver jumping by Rs 7,000 to Rs 2.37 lakh per kilogram, and gold advanced to Rs 1.51 lakh per 10 grams on the back of fresh buying by jewellers ahead of the wedding season. According to the All India Sarafa Association, the white metal soared Rs 7,000, or 3.04 per cent, to Rs 2,37,000 per kg (inclusive of all taxes) from Friday's closing level of Rs 2,30,000 per kg. Gold of 99.9 ...Read More >
Indian stock market update: Indian stock markets closed sharply lower on Monday, marking a weak end to the financial year 2025-26. The decline came as rising tensions in West Asia and a surge in crude oil prices dampened investor sentiment. The 30-share BSE Sensex dropped 1,635.67 points, or 2.22 per cent, to settle at 71,947.55. During the day, it had fallen over 1,800 points. The broader NSE Nifty also slipped 488.20 points, or 2.14 per cent, to close at 22,331.40. Most of the heavy selling w ...Read More >
MUMBAI, March 30 (Reuters) - Indian bonds tumbled in the fiscal year ending March, snapping a two-year rising streak, as demand weakened and the Middle East war sent oil prices surging, outweighing the impact of record debt purchases and cash infusion by the central bank. Elevated oil prices threaten to raise inflation and widen India's current account deficit, and could force the central bank to start raising policy rates earlier than anticipated. Bonds could extend their losing run in the we ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.