RBI to shortly issue new Rs 50 note in fluorescent blue colour

The Reserve Bank of India will shortly issue new Rs 50 denomination banknotes with the motif of Hampi with chariot on the reverse, the central bank said on Friday. “The base colour of the note is Fluorescent Blue. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse,” an RBI notification More...

by Loknath Das | Published 3 months ago
By Loknath Das On Friday, August 11th, 2017

Hong Kong’s Crowded Currency Trade Enters Perilous Territory

One of the world’s most reliable currency bets is suddenly looking like less of a sure thing. The Hong Kong dollar carry trade, which has produced steady returns for seven straight months, suffered a rare setback More...

By Loknath Das On Sunday, July 23rd, 2017

Virtual currency Bitcoin troubles Centre

NEW DELHI:  After last year’s demonetisation and pushing for online transactions, the BJP-led Central government is caught in a quandary over virtual currency Bitcoin. Admitting that Bitcoins could pose to More...

By Loknath Das On Thursday, July 20th, 2017

How Fairly Valued is China’s Currency? Big Mac and Mini Mac Square Off Again.

The “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it actually hold internationally? The Economist magazine’s famous Big Mac Index uses More...

By Loknath Das On Monday, July 17th, 2017

RBI pushes ‘Make in India’ in tender for currency security features

In a big ‘Make in India’ push, the Reserve Bank on Monday came out with fresh tender for currency security features, mandating that the supplier set up the manufacturing unit in the country within two years More...

By Loknath Das On Sunday, July 9th, 2017

Your ultimate holiday money guide: Currency exchange rates, bank charges, prepaid cards – and how to keep costs down

Plan ahead and you’ll have the best possible chance of bagging the most for your sterling (Image: Getty) Holidaymakers jetting off for their summer escape should pay careful attention to rates over the next More...

By Loknath Das On Thursday, June 15th, 2017

Fake Currency Detection In Banks Swell To Maximum In Eight Years

New Delhi: Counterfeit currency detection instances in the country’s banking channels have seen an all time increase in the last eight years at over 3.53 lakh instances, according to a latest government report. All More...

By Loknath Das On Wednesday, June 14th, 2017

Bundesbank’s Weidmann warns of digital currency risks

Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save 2 HOURS AGO by: Claire Jones Germany’s top central banker has warned of the dangers More...

By Loknath Das On Thursday, June 8th, 2017

Allied Wallet Announces Multi Currency Credit Card Processing

London, UK (September 25, 2008) – Andy Khawaja, founder and CEO of Allied Wallet recently announced an advanced online credit card processing service in multiple foreign currencies. This move has been initiated More...

By Loknath Das On Thursday, June 8th, 2017

ETA Launches Digital Currency Showcase at TRANSACT 15

WASHINGTON, Feb. 2, 2015 /PRNewswire-USNewswire/ — The Electronic Transactions Association (ETA), the global trade association representing the payments technology world, today announced new digital currency More...