The government has decided to conduct a field trial with one billion plastic/polymer bank notes to check the possibility of introducing plastic notes in India. The trials will be conducted in five places, including Mysore, Kochi, Shimla, Jaipur and Bhubaneshwar.

After plunging to a record low in Wednesday's trade, the rupee recovered by 27 paise to trade at 54.23 against the dollar on the Interbank Foreign Exchange market in early trade on Thursday on selli

The rupee on Friday lost 31 paise to trade at fresh four-and-a-half-month low of Rs 53.72 against the US dollar in early trade on the Interbank Foreign Exchange market due to increased demand for the

China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that further liberalise

The Reserve Bank of India (RBI) will bring out new currency notes portraying the growth and development story of the country, a senior government official said on Saturday.

"It has been decided to a

In an initiative to promote trade in local currencies, the BRICS nations on Thursday signed two agreements to provide line of credit to business community and decided to examine the possibility of

China's yuan could become a reserve currency in future if the country undertakes further economic reform, International Monetary Fund managing director, Christine Lagarde, said in a speech on Sunday.

The rupee on Thursday depreciated by 20 paise to 49.21 against the US dollar in early trade on the Interbank Foreign Exchange market, due to fresh demand from importers for the American currency am

India's foreign exchange reserves increased by $55.8 million to $293.44 billion for the week ended Feb 17 due to increase in foreign currency assets, Reserve Bank of India (RBI) data showed.

Foreign

In a departure from big gains in the past two years, investors saw around Rs 20 lakh crore of their wealth eroded as Indian equities tanked in 2011 because of inflation, high interest rates and the uncertain global growth environment accentuated by the euro zone debt crisis.