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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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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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