Rupee holds above record low on state bank dollar sales, ends month flat

The Indian rupee fell on Friday but managed to hold above its all-time low on the back of intermittent dollar sales by ...
The Diplomat

The Short Life of India’s 2,000-Rupee Note

On May 19, the Reserve Bank of India announced that it was pulling out of circulation the country’s highest denomination currency, the 2,000 rupee note (worth $24.27 at today’s exchange rate). Unlike ...

Rupee falls most in a month as traders cut long bets, importers buy dollars

The Indian rupee logged its worst day in a month on Monday as a drop below the 88 per U.S. dollar mark spurred a flight out ...
The New York Times

India Is Scrapping Its Largest Bill. The Race Is On to Spend It.

The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change. By Sameer Yasir and Mike Ives Sameer Yasir ...