Cash In Drain

A pile of currency notes was allegedly found floating in a sewer in a Bihar town, sparking a mad scamper to collect the money, showed a video.

The Afghan central bank ran down most of its US dollar cash reserves in the weeks before the Taliban took control of the country, according to an assessment prepared for Afghanistan's international donors, exacerbating the current economic crisis.

The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group's financial stress

Excess funds are limiting the central bank's ability to intervene in the foreign-exchange market to rein in the rupee's rally.

RBI's cash draining measures have increased risks to economic growth at a time when the economy was already slowing sharply over the summer, BNP said.

The RBI will auction Rs. 11,000 crore in cash management bills on Monday, part of its new plan to auction a total of Rs. 22,000 crore of bills every week to drain funds from money markets.

That would run counter to the RBI's cash-draining measures which sought to reduce the amount banks can borrow from the central bank in order to spur them to raise funds at the higher MSF rates.

The rupee has slumped 1.7 per cent for the month, its third successive month of losses, even after the RBI unveiled steps to defend the currency by draining cash, as the efficacy of the moves were put into question by doubts about the central bank's resolve.

The rupee fell after the Reserve Bank of India left interest rates unchanged on Tuesday and did not announce any more specific measures to defend the currency after announcing this month steps to drain cash from the financial system.

The recent sell-off in bonds come after the Reserve Bank of India (RBI) raised short-term borrowing costs, restricted funds available to banks and said it would sell Rs 12,000 crore in bonds on Monday, effectively draining cash from the market, to protect a rupee that had hit a record low last week.

The RBI on Monday raised short-term borrowing costs, restricted funds available to banks and said it would sell Rs. 12,000 crore in bonds, effectively draining cash from the market, to protect a rupee that had hit a record low last week.

A worldwide gang of criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said on Thursday - and outmoded U.S. card technology may be partly to blame.

A pile of currency notes was allegedly found floating in a sewer in a Bihar town, sparking a mad scamper to collect the money, showed a video.

The Afghan central bank ran down most of its US dollar cash reserves in the weeks before the Taliban took control of the country, according to an assessment prepared for Afghanistan's international donors, exacerbating the current economic crisis.

The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group's financial stress

Excess funds are limiting the central bank's ability to intervene in the foreign-exchange market to rein in the rupee's rally.

RBI's cash draining measures have increased risks to economic growth at a time when the economy was already slowing sharply over the summer, BNP said.

The RBI will auction Rs. 11,000 crore in cash management bills on Monday, part of its new plan to auction a total of Rs. 22,000 crore of bills every week to drain funds from money markets.

That would run counter to the RBI's cash-draining measures which sought to reduce the amount banks can borrow from the central bank in order to spur them to raise funds at the higher MSF rates.

The rupee has slumped 1.7 per cent for the month, its third successive month of losses, even after the RBI unveiled steps to defend the currency by draining cash, as the efficacy of the moves were put into question by doubts about the central bank's resolve.

The rupee fell after the Reserve Bank of India left interest rates unchanged on Tuesday and did not announce any more specific measures to defend the currency after announcing this month steps to drain cash from the financial system.

The recent sell-off in bonds come after the Reserve Bank of India (RBI) raised short-term borrowing costs, restricted funds available to banks and said it would sell Rs 12,000 crore in bonds on Monday, effectively draining cash from the market, to protect a rupee that had hit a record low last week.

The RBI on Monday raised short-term borrowing costs, restricted funds available to banks and said it would sell Rs. 12,000 crore in bonds, effectively draining cash from the market, to protect a rupee that had hit a record low last week.

A worldwide gang of criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said on Thursday - and outmoded U.S. card technology may be partly to blame.