Reiterates the view that they should not be regarded as currency
The rupee settled 7 paise higher at 75.58 against the US dollar on Monday supported by weak American currency and easing crude prices even as the equity market was trading in the negative territory.
By including the yuan in its basket of leading currencies, the IMF gave China a legitimacy it did not deserve
They have also directed their accountants to deposit cash balances of Rs 2,000 notes in banks
The RBI bought has about $18 billion of foreign exchange since the end of September.
London has become the biggest center for trading the Indian currency, according to the latest survey by the Bank for International Settlements in September.
Having hard-currency assets overseas can be fruitful if the rupee falls
But whatever you do, be prepared to hold on to your positions and keep your nerve
Asian currencies such as the Indian rupee and Indonesian rupiah, which have been sold off, are favoured
The US dollar is universally accepted
Other countries include Germany, Korea, Switzerland and Taiwan
Carry dollars in cash if you are going to a country whose currency is not popular
The rupee on Thursday plunged by 17 paise to close at 67.07 on fresh dollar demand
The dollar's volatility increased ahead of the US election
CISF personnel intercepted the Nigerian travelling to Coimbatore from New Delhi
The Dewas Security Press is printing new Rs 500 currency notes
The matter would be reported to Income Tax department for further investigations
Currency circulation in India as a percentage of GDP is 12%, versus Japan's high of 20%
Delhiites started forming serpentine queues as early as 6 am outside ATMs and banks to try to get cash
In the absence of adequate Rs 500 notes and complete elimination of Rs 1,000 denomination as of now, people have started panic hoarding of Rs 100 notes