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FOREIGN CURRENCY NEWS

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RBI sold nearly $400 billion of foreign currency in FY25, sharply higher than previous fiscal

May 22, 2025 11:02 am

To be sure, the RBI also bought foreign currency heavily last year, resulting in a net sale of $34.51 billion for the 12 months ended March 2025.

Foreign currency smuggling racket busted at Bengaluru airport, 2 Sri Lankans apprehended

February 15, 2025 8:11 pm

Three passengers including two Sri Lankans and one Indian national were attempting to smuggle foreign currencies worth Rs 2.12 crore at the Kempegowda International Airport.

Chhatrapati Shivaji Maharaj International Airport

Tanzanian national caught at airport with foreign currency worth Rs 2 crore

November 07, 2023 9:11 pm

The customs department suspects the involvement of an international hawala racket behind this smuggling, the sources said.

Pune Customs seize Rs 1.5 crore worth UAE Dirhams from flyers

August 04, 2023 7:16 pm

The seizures occurred as the flyers were carrying foreign currency above the permissible limit, officials said.

Allow foreign currency transactions in country via RBI: Consultants & service providers urge govt

April 24, 2023 1:21 pm

Consultants and service providers in the country have urged the government to stop routing domestic foreign currency deals via the US banking system, in order to avoid transaction fees and save foreign currency.

Rupee falls 28 paise to 81.70 against US dollar

January 24, 2023 4:58 pm

a weak dollar and fall in crude prices capped the losses in the local currency, forex traders said.

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RBI: Foreign currency assets decline $19 billion in 3 months

July 07, 2018 2:10 am

India’s foreign currency assets fell by around $19 billion since April this year in the wake of capital outflows and intervention by the Reserve Bank of India to arrest the decline in the rupee’s value against the dollar.

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Afghan man arrested with foreign currencies worth Rs 11 crore at Kochi International Airport

June 14, 2018 2:41 am

Customs Commissioner (Kochi) Sumit Kumar said that during the financial year 2017-18, the Air Customs in Kochi had registered 254 cases related to foreign currency, smuggling of commercial goods and gold.

Kyrgyzstan woman held with foreign currency worth Rs 90 lakh at Delhi airport

August 20, 2017 6:17 pm

On frisking the Kyrgyzstan woman's bag, the official said that USD 60,000 was recovered, while rest of the currency was found in another bag which she had checked-in, but refused to accept that it belonged to her. The CISF suspected her activities.

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Inside casseroles, hidden under upma: Foreign currency worth Rs 1.3 crore seized at Pune airport

August 09, 2017 12:54 am

An immigration officer, sensed something was amiss and alerted the customs officials. When customs authorities checked Yetam’s luggage again, they found a layer of upma, hidden under a thin layer of upma, officials found a polythene bag that contained US $86,600 and 15,000 Euros.