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India also signed an agreement with UAE to link UPI with Integrated Payment Platform (IPP). [194] On 29 March 2024, PhonePe announced that its users can pay with UPI at NeoPay terminals. The currency exchange rate will be shown and customers' accounts will be debited in Indian rupees. To make payments easier, Indians living abroad who have ...
Indian rupee ₹ INR Paisa: 100 Bolivia: Bolivian boliviano: Bs BOB Centavo: 100 Bonaire: United States dollar [F] $ USD Cent: 100 Bosnia and Herzegovina: Bosnia and Herzegovina convertible mark: KM BAM Fening: 100 Botswana: Botswana pula: P BWP Thebe: 100 Brazil: Brazilian real: R$ BRL Centavo: 100 British Indian Ocean Territory: United States ...
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Mehta with other bankers and politicians on the Bombay Stock Exchange.The scam caused significant disruption to the stock market of India, defrauding investors of over fifteen million USD.
The national economy contracted in July 1991 as the Indian rupee was devalued. [31] The currency lost 18% of its value relative to the US dollar, and the Narsimham Committee advised restructuring the financial sector by a temporal reduced reserve ratio as well as the statutory liquidity ratio. New guidelines were published in 1993 to establish ...
From 1956 until 1973, the baht was pegged to the US dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978. [9] [10] A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until 2 July 1997, when the country was affected by the 1997 Asian financial crisis.
The Indian rupee rose to an 11-month high of 58.62 against the US dollar and closed at 58.79. [295] Deutsche Bank revised its December 2014 target for the Sensex to 28,000, and Macquarie revised its 12-month target for the Nifty to 8,400 from 7,200. Edelweiss set its December 2014 targets for the Sensex and Nifty at 29,000 and 9,000 ...
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.