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Rupee hits new record low of 74.27, plunges 21 paise against USD

Tuesday, October 9, 2018, 1:50 PM

The rupee erased all its morning gains to hit a new record low of 74.27 against the US dollar in afternoon trade on Tuesday after Brent crude breached the USD 84 a barrel-mark again and the American currency strengthened overseas. Moreover, unabated foreign fund outflows weighed on the rupee, traders said.
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Rupee Closes Below 73 Mark Against Dollar For First Time

Thursday, October 4, 2018, 9:26 AM

The rupee declined sharply lower against the US dollar to close at a record 73.34, amid soaring crude oil prices. The rupee touched a fresh all-time low of 73.42 against the American currency during the session, but contained some of those losses by the end of the session. The government will hold an inter-ministerial meeting to discuss currency weakness and its impact on trade-deficit.
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Gujarat: Police bust fake currency printing racket; one arrested

Monday, September 17, 2018, 6:30 PM

Police in Gujarat's Jamnagar city busted a fake currency note printing racket last Tuesday and arrested a person in this connection from his residence in Shastrinagar. Counterfeit notes in Rs. 2,000 and Rs. 500 denominations with a total face value of Rs. 66,500 were also seized after Crime Branch sleuths raided the house of one Zahid Sheikh, who was eventually arrested, cops said.

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