The highest denomination until now was a 1 million bolivar bill that was worth a little less than a quarter as of Thursday. The new currency tops out at 100 bolivars, a little less than $25, until inflation starts to eat away at that as well.
The apex bank stated that the fall in reserves was on account of a fall in the foreign currency assets (FCAs) which is a major component of the overall reserves.
The CBDSC, which is an improvement over the current Central Bank Digital Currency (CBDC) projects, will also allow governments and central banks to maintain a unique monetary policy on top of existing CBDCs.
The notes so presented shall be accepted, exchanged and adjudicated in accordance with Reserve Bank of India (Note Refund) Rules, 2009.
The local currency experienced a lot of volatility on the interbank foreign exchange market. It began the day at 74.30 vs the dollar, reaching an intra-day high of 74.27 and a low of 74.44.
The local unit opened at 74.30 against the dollar on the interbank foreign exchange, then inched higher to 74.27, a gain of 2 paise over its previous close.
The local unit opened at 74.32 against the greenback and witnessed an intra-day high of 74.22 and a low of 74.34
The local unit opened at 74.32 versus the dollar on the interbank foreign exchange, then inched higher to 74.25, a gain of 13 paise over its previous closing.
At the interbank foreign exchange market, the local unit opened at 74.44 against the dollar and witnessed an intra-day high of 74.31 and a low of 74.49 during the session.
The local unit opened at 74.44 against the dollar on the interbank foreign exchange, then inched higher to 74.43, a gain of 4 paise over its previous finish.
The local unit opened at 74.36 against the dollar and witnessed an intra-day high of 74.35 and a low of 74.54 during the session
The rupee opened at 74.43 versus the dollar on the interbank foreign exchange, then slipped to 74.44, a drop of 4 paise from its previous finish.
The rupee opened at 74.46, and hit an intra-day high of 74.33 and a low of 74.53. It finally finished at 74.46, higher by 15 paise over its last close
The 30-share BSE index ended 638.70 points or 1.22 per cent higher at 52,837.21, while the broader NSE Nifty surged 191.95 points or 1.23 per cent to 15,824.05
The 30-share BSE index was trading 444.17 points or 0.85 per cent higher at 52,642.68 in initial deals, while the broader NSE Nifty surged 129.15 points or 0.83 per cent to 15,761.25.
The local unit opened weak at 74.93 a dollar and touched a low of 74.95 and high of 74.55 during the day.
France's CAC 40 shed 1.1 per cent in early trading to 6,388.62, while Germany's DAX was down 1.1 per cent at 15,370.28
Japan's benchmark Nikkei 225 shed nearly 1.2 per cent in early trading to 27,677.60, while South Korea's Kospi slipped 0.9 per cent to 3,247.68.
Leader of Opposition in Uttarakhand Assembly Pritam Singh during a protest near the State Secretariat against the Devasthanam Act, in Dehradun.PTI Photo
Indian Player Mayank Agarwal plays a shot during third day of the first Test cricket match between India and New Zealand, at Green Park stadium in Kanpur.PTI Photo/Arun Sharma
MP & Bollywood actor Sunny Deol with his son Karan Deol (L) during Karan's birthday celebrations, at Sunny Super Sound studio in Mumbai.PTI Photo
Sharad Agarwal, Head, Lamborghini India flags off a convoy of over 50 Lamborghinis as part of the Lamborghini Espierenza Giro India 2021, at Manesar in Gurugram.PTI Photo
Lok Janshakti Party (Ramvilas) President Chirag Paswan inspects Bapu Auditorium for preparation of his party foundation day function, in Patna.PTI Photo
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