eam jaishankar
International

India Clears Rs 3,000 Crore For Maldives

By BPN News Desk
India has approved the first withdrawal of Rs 3,000 crore for the Maldives under the SAARC Currency Swap Framework, continuing its financial assistance to the island nation. India Maldives Currency Swap Support The funds are being released as the first drawdown under the Framework on Currency Swap Arrangement for SAARC countries. The arrangement was signed […]
RBI
Finance

RBI Caps Rupee Open Positions At $100 Million

By BPN News Desk
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 intensified amid higher […]
donald trump
International

Trump Signature To Appear On US Currency

By BPN News Desk
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 […]
UPI Payment
Op-Eds Opinion

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

By BPN News Desk
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 […]