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Rupee gains past 69 a dollar for the first time since April 11

Friday, June 28, 2019, 10:53 AM

The rupee strengthened in early trade on Friday to trade above 69-level against the US dollar for the first time since April-11. The local currency was trading 9-paise higher at 68.98/dollar in early trade following easing crude oil prices and weaker greenback. On the domestic front, market participants could remain cautious ahead of the important G20 meeting that is scheduled during the weekend.
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Currency in circulation dips since note ban

Wednesday, March 27, 2019, 6:23 PM

Currency in circulation as percentage of GDP declined by over 1 percentage points to 10.48% in the two years after demonetisation, a finance ministry official said. "In terms of GDP, notes in circulation declined from 11.55% as on November 8, 2016, to 10.48% as on November 8, 2018, reflecting that it has actually contributed in reducing the currency in circulation," an official said.
 
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Govt to roll out 12-edged Rs 20 coin for the first time

Thursday, March 7, 2019, 11:11 AM

The Finance Ministry announced in a gazette notification to roll-out Rs.20 coin for the first time in the country. The new coin will be shaped like a "dodecagon" a 12-edged-polygon. The Rs.20 coin will have some similarities with the Rs.10 coin that is in circulation across the country. The new coin will be two-toned and have a diameter of 27-mm, similar to Rs.10 coin.

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