RBI Caps Rupee Open Positions At $100 Million

By BPN News Desk March 28, 2026

Finance

The Reserve Bank of India has capped banks’ net open positions in the rupee at $100 million in the onshore deliverable market, in a move aimed at containing currency volatility after the rupee fell to a record low against the US dollar. The step comes as pressure on the Indian currency has

International

Trump Signature To Appear On US Currency

By BPN News Desk March 27, 2026

US paper currency will soon carry President Donald Trump’s signature, marking the first time a sitting president’s name will appear on American banknotes. The change is being presented by the US Treasury as part of the country’s 250th anniversary commemorations in 2026 and breaks with a long-standing tradition under which paper notes carried the signatures […]

Op-Eds Opinion

UPI Everywhere But Cash Rising: What India’s Election Cycles Reveal About Political Cash Networks

By BPN News Desk February 17, 2026

Stand at almost any shop counter in India today and you will see the same sign: scan and pay. From metropolitan supermarkets to roadside tea stalls, retailers increasingly prefer digital settlement. They avoid the hassle of change, accounting becomes easier, and payments leave a clean record. Yet at the same time, official currency data shows […]

International

Nepal Plans to Allow Indian Currency Notes Above ₹100

By BPN News Desk December 13, 2025

Nepal is considering a proposal to allow the use of Indian currency notes of denominations higher than ₹100, a move aimed at easing cross-border travel and trade between the two countries. Senior officials familiar with the discussions said the plan is being examined by Nepal Rastra Bank in coordination with the government. Existing Restrictions on […]

International

India Rules Out De-dollarisation, Focuses on Local Trade

By BPN News Desk August 15, 2025

India has firmly stated that de-dollarisation is not part of its financial agenda, even as discussions continue among BRICS nations on using local currencies for trade. MEA Clarifies India’s Position The Ministry of External Affairs confirmed that India has not taken steps to move away from the U.S. dollar. While other BRICS countries have floated […]