Stories Tagged 'Indian rupees'
Nepal bought Indian rupees worth Rs393.77 billion by selling US dollars to pay for imports from the southern neighbour during the first nine months of the fiscal year despite pressure on its greenback reserves. The figure includes Indian rupees bought by Nepal Rastra Bank and commercial banks.
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Less than two weeks after the controversial ban on high-denomination Indian currency notes, Nepal’s central bank has imposed caps on currency withdrawals using debit, credit and other prepaid cards to make payment for goods purchased in India.
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Police arrested a man at Bhajani Municipality-3 of Kalali district with seven million of looted Indian rupees on Sunday.
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The Indian government has raised the limit on cash withdrawals following widespread public anger about the surprise abolition of 500 ($7.6) and 1,000 rupee notes last week.
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The Indian government's sudden decision Tuesday to demonetize the Rs 500 and Rs 1,000 currency notes has hit hard people like Karan Awasthi who have returned home after working in India.
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