New Delhi: Buy or sell Indian rupees in cash, and you can do it in minutes, a new app promises.India’s biggest currency, the Indian rupe, is the world’s highest-valued at nearly $1,500 an ounce.That’s more than 10 times its current value, which has been driven up by a rally in crude oil prices.But the currency…
Tag: indian currency
When Iran takes $2.5 billion out of circulation, why should the U.S.?
By Michael BieseckerPublished: March 11, 2019 07:00AMIndia’s central bank has released $2 billion worth of currency it had frozen in an attempt to revive inflation, which was still running at around 7.5% on March 10, according to a central bank statement.This is the largest single currency release by the central bank since March 20, 2019.It…
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