Tuesday, November 22, 2016

⚠️On Oct 8, Modi was Dressed-up Saffron Terror DOPATA to marshal Rashtriya Swayamsevak Sangh zombies to hit the streets to celebrate Trump Victory, but Dawood Ibrahim was quicker. ⚠️

⚠️ Dawood  dumped gazillions of fake RS.500 & Rs. 1,000 denomination notes to fuck Modi. Dumping fakes ain’t stop, as long as RBI are exchanging old bills with new ones. The Feds cloned Dawood Ibrahim overture by dumping billions of fake dollars in Peru, Malaysia, Russia, Yakuza as drill. Until Jan 20, Bolstering Trump is Sacrosanct issue and a National Security matter even if MediaWhores must lie. ⚠️

RBI intervenes heavily to avert a sharp fall in the rupee

Economic Times - ‎10 hours ago‎
"The rupee is likely to remain under pressure amid selloffs in emerging markets," said Bhaskar Panda, senior VP, treasury, HDFC Bank."RBI's suspected intervention has saved the rupee from sharp falls. Also, a correction in dollar index aided the rupee ...

Rupee could be headed for 70 per USD: Look what's weighing on local currency

Economic Times - ‎4 hours ago‎
“India is better placed compared with other emerging market economies and the rupee may feel the heat in the near term, falling possibly to the 70 level. But strong FII inflows in the long term would restrict any major fall in the rupee," Abhishek ...

Banks Have Received $80 Billion In 500, 1000 Rupee Notes, Says RBI: 10 Points

NDTV - ‎Nov 21, 2016‎
New Delhi: The Reserve Bank of India on Monday said banks have received 5.45 trillion rupeesor 80 billion dollars in 500 and 1,000 rupee notes from November 10 to 18, after the government decided to withdraw high value bills to eliminate black or ...

How demonetisation gives RBI ammo to stabilise a volatile rupee

Economic Times - ‎Nov 20, 2016‎
The rupee breached the 68 psychological mark on Friday, hitting an almost nine-month low against the dollar, as overseas investors continued to sell Indian equities and debt amid rising US Treasury yields. The rupee closed at 68.14 a dollar, its ...

RBI sets rupee reference rate at 68.2317 against US dollar

Business Standard - ‎3 hours ago‎
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 85.1668 and 61.46 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be ...

RBI says banks got 5.45 trillion rupees of high value cash from Nov 10-18

Reuters - ‎Nov 21, 2016‎
MUMBAI The Reserve Bank of India said banks have received 5.45 trillion rupees ($79.96 billion) of 500 and 1000 rupee notes from Nov. 10-18 after the government decided to withdraw high value bills to unearth billions of dollars worth of "black money".

The demons of demonetisation

The Hindu - ‎15 hours ago‎
I actually felt nostalgic, since the realigned composition of my wallet reminded me of an era gone by, when it used to consist of mostly ten rupee notes and coins, and an occasional hundred rupee note. But I did not have to rush to banks or ATMs.

From preparing bank notes to loading in ATM –Know 10 steps behind currency's movement

Zee News - ‎6 hours ago‎
To facilitate the distribution of notes and rupee coins, the Reserve Bank has authorised selected branches of banks to establish currency chests. These are actually storehouses where bank notes and rupee coins are stocked on behalf of the Reserve Bank.

RBI clarifies on designs of legal tender of Rs 10 coins

The Shillong Times - ‎11 hours ago‎
“One such change is introduction of 'Rupee symbol' in coins in July 2011. An instance of this is the Rs 10 coins with rupee symbol and the same denomination coin without rupee symbol. Both of them are legal tender and equally good for transactions ...

Both older and newer Rs 10 coins are valid: RBI

Moneycontrol.com - ‎10 hours ago‎
"One such change was introduction of 'Rupee symbol' in coins in July 2011. An instance of this is the '10' coins with rupee symbol and the same denomination coin without rupee symbol," the official said. Killiwala said both are legal tender and equally ...

Will Indian Banks' Cash Windfall Boost Lending?

Wall Street Journal (blog) - ‎5 hours ago‎
Mr. Modi's government rid the economy of its old 500- and 1,000-rupee ($7.50 and $15) notes, which made up 86.4% of the country's circulating currency, two weeks ago. As people swap their old notes for the new ones or deposit them into accounts, banks ...

Rs 500 notes by Sat

Times of India - ‎14 hours ago‎
Panaji: The Reserve Bank of India (RBI) expects the liquidity crunch to ease over the next fortnight, once the new series of 500 denomination notes come into circulation. The notes had already been printed and had arrived at the RBI's office at Belapur ...

RBI dispels rumours of fake Rs 10 coins

Chandigarh Tribune - ‎Nov 20, 2016‎
According to RBI, as coins remain in circulation for longer periods, it is quite possible that coins of different designs and even shapes are circulating at the same time. One such change is introduction of the 'Rupee symbol' in coins in July 2011, and ...

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