Indian Rupee | Pixr8 News

Kolkata: The rupee is expected to stabilise at 68-69 per US dollar, riding on positive capital inflows, Economic Affairs Secretary Subhas Chandra Garg said on Saturday. The rupee, Asia’s worst performing currency, touched an all-time low of 70.09 against the dollar on Tuesday. The current turmoil in Turkey, triggered by US sanctions, had not affected the perception of India, Gard said. The flow of foreign portfolio investments (FPI) had not altered either and there had been no outflow in July, he added. During the first three months, there had been an outflow of capital and in the last year, the total outflow was around $20 billion. “If oil prices do not rise further, the chances of the rupee stabilising at 68-69 level is more,” according to Garg. When asked how the rupee will be ...

State Bank of India today said it collected Rs 1,14,139 crore in deposits in last seven days after the government announced demonetisation of Rs 500 and Rs 1,000 notes. The bank saw 240.90 lakh cash deposit transactions between November 10 and November 16 up to 7 PM, SBI said in a statement here today. The government announced to demonetise Rs 500 and Rs 1,000 notes on November 8. Banks were opened for transactions from November 10 but were closed on November 14 on account of Gurunanak Jayant in major parts of the country. The country's largest lender exchanged Rs 5,776 crore of old Rs 500 and Rs 1,000 notes since November 10. It said there were 151.93 lakh cash withdrawal transactions amounting to Rs 18,665 crore in the last seven days. People are allowed to exchange Rs 4,500 wor...

Tag: Indian Rupee

Indian Rupee Likely to Stabilise at 68-69 Against Dollar

Demonetisation Effect: SBI Collects Rs 1,14,139 Cr Deposits in Last 7 Days