The rupee opened almost flat at 66.03 per dollar against Thursday's closing level of 66.04 at the Interbank Foreign Exchange (Forex) market.

In the alleged forex-based black money case, Sebi and stock exchanges have begun a scrutiny of several banks for any violation of disclosure norms

The Union Budget for FY 2016-17 presented by Finance Minister Arun Jaitley.

Stronger dollar and hopes of rate hike by the US Federal Reserve will exert downside pressure on the yellow metal in the coming fortnight.

The case was busted after Enforcement Directorate got leads from an accused in Bank of Baroda case. On the trade-based money laundering radar, are Oriental Bank, ICICI, Kotak Mahindra, among others.

A special 2G court discharged Shyamal Ghosh and three telecom firms in the 2002 additional spectrum allocation case, saying that the charge sheet was full of distorted and fabricated facts.

The rupee appreciated marginally by 0.09 per cent in the last fortnight after the RBI gave permission to the corporates to raise funds from overseas market in rupee denominated bonds.

Here's why the new Black Money Act is bound to fail in bringing back the illicit cash stashed abroad.

The rupee opened higher at 66.38 per dollar against Monday's closing level of 66.48 at the Interbank Foreign Exchange (Forex) market and hovered in a range of 66.18 per dollar and 66.46 per dollar before concluding at 66.22 per dollar, showing a gain of 26 paise or 0.39 per cent.

JPMorgan Chase, Citigroup, Barclays and The Royal Bank of Scotland wil pay $2.5 billion in fines and plead guilty to criminally manipulating global currency market going back to 2007.

The losses were mainly on account of one-time impairment loss in Sri Lanka, low oil prices and forex loss.

A central bank source familiar with the matter said it was related to a probe into the suspected misuse of up to $3.2 billion in export advances paid out by the bank.

The International Monetary Fund also termed the new Prime Minister Narendra Modi-led government's reforms as \"promising\" but insisted that their implementation is key.

We expect gold and silver prices to trade lower as the US GDP growth of 5 per cent in the third quarter will provide room for the Federal Reserve to raise interest rates.

US crude fell 53 cents to $56.59, after settling $1.86 higher in the previous session, hurt by industry data that showed a surprise build in domestic crude stocks.

The regulators found that between January 1, 2008 and October 15, 2013, the five banks failed to adequately train and supervise foreign currency traders.

The strike is expected to hit all state-run banks, and also some private lenders, and could also impact market functions such as trade settlements to some extent, the dealers said.

\"He asked the senior officers of the I-T department to make their best efforts to chase those sectors where the domestic black money is most prevalent,\" a finance ministry statement said.

The court, after receiving in a sealed cover a list of 627 Indians who had accounts in HSBC Bank, Geneva, asked the Centre to raise all its grievances before the SIT.

The skill development ministry's coordinating role, with 20 other ministries, is akin to serving 'old wine in a new bottle'.