
This country has world's most expensive currency, not Dollar, Euro, Pound, Dirham, country is..., currency is...
Most expensive currency: Many of you might think that because the United States of America is the largest economy in the world, its currency US Dollars must be the most valuable currency. However, let us tell you the fact that the world's most valuable currencies are not always from the largest economies like US, China or France. However, they often come from smaller, resource-rich nations with strong fiscal policies and controlled exchange rate systems. Here are all the details you need to know about the most valuable currency in the world and how does the Indian currency stand against it. Which is the most expensive currency in the world?
Talking about the most expensive currency in the world, the Kuwaiti Dinar (KWD) remains the most expensive currency, valued at around Rs 283 per unit as of July 2025. The currency of Kuwait is closely followed by the Bahraini Dinar (Rs 229), Omani Rial (Rs 224), and Jordanian Dinar (Rs 122). Also, among European currencies, the British Pound and Gibraltar Pound both trade around Rs 117–Rs 118, while the Cayman Islands Dollar and Swiss Franc are close to Rs 103. How is Indian Rupee currently trading?
In a significant update for the Indian currency, the rupee appreciated 17 paise to 86.24 against the US dollar in early trade on Thursday, tracking the weakness of the American currency in the overseas market. As per a report carried by PTI news agency, Forex traders have said uncertainty over the India-US trade deal has been a huge overhang for the forex market, leaving the rupee trading in a tight range.
The PTI report also said that a negative trend in domestic equities and foreign fund outflows dented investors' sentiments and restricted the upmove of the local unit. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 97.15, as investors watched out for a trade deal ahead of the August 1 deadline.
(With inputs from agencies)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
19 minutes ago
- Indian Express
London-bound Air India Boeing 787-9 aborts takeoff at Delhi due to technical issue
Air India's Boeing 787-9 aircraft, which was to fly to London, aborted takeoff at the Delhi airport due to a technical issue on Thursday. 'Flight AI2017, operating from Delhi to London on July 31, returned to the bay due to a suspected technical issue. The cockpit crew decided to discontinue the takeoff run following standard operating procedures and brought the aircraft back for precautionary checks,' an airline spokesperson said in a statement to PTI. A source said the flight was to be operated with a Boeing 787-9 plane. 'An alternative aircraft is being deployed to fly the passengers to London at the earliest. Our ground staff is extending all support and care to the guests to minimise inconvenience caused due to this unexpected delay,' the statement said. Details about the number of passengers onboard could not be immediately ascertained.


Indian Express
23 minutes ago
- Indian Express
Hyderabad University Placement: Rs 46 lakh highest offer received, recruiters include TCS, Deloitte
The University of Hyderabad (UoH) concludes the placement season for 2024-25 session, with a staggering Rs 46 lakh per annum being the highest package offered — more than double last year's top offer of Rs 17.89 LPA. A total of 550 students were placed across 180 leading public and private sector organisations. The Rs 46 lakh per annum (LPA) offer was bagged by an MTech graduate from the School of Computer and Information Sciences. Top recruiters included global and national giants, like Tata Consultancy Services, Deloitte, Oracle, Teradata, Intel, Pegasystems, Exim Bank, Novartis, Accenture, Micron and General Electric. A wide range of sectors were represented, ranging from IT, analytics, and finance to education, consulting, and research. Educational institutions and foundations like Sri Prakash Institute, Aakash Institute, and the Azim Premji Foundation were also among the notable recruiters, reflecting the diverse career paths UoH graduates are choosing. Prof Chetan Srivastava, chairman of the Placement Guidance Advisory Bureau (PGAB), said: 'Despite a challenging job market, our students have excelled. The faculty, placement team, and coordinators worked tirelessly to expand our industry outreach and leverage alumni networks,' he said. He also extended his gratitude to the vice-chancellor Prof BJ Rao, Registrar Dr Devesh Nigam, and the university administration for supporting the process. Prerna Akhouri, training and placement coordinator, pointed out the shift in recruitment practices. 'Online platforms like Zoom and Google Meet became the norm. Despite some delays in in-person interviews, we managed excellent placements and are running upskilling programs and untargeted drives to benefit more students in the coming months.' With an open invitation to companies for future collaborations, the university is confident of scaling new heights in the years ahead. In a statement issued by the university in this regard, it said: 'If your organisation is interested in tapping into our pool of skilled and dedicated students, please reach out to us at: chairmanpgab@ or placementuoh@ or call Dr Chetan: 9866109681.'


Indian Express
23 minutes ago
- Indian Express
SC recalls verdict on liquidation of Bhushan Power and Steel, says ‘matter needs to be considered afresh'
The Supreme Court on Thursday recalled its May 2, 2025, judgment that ordered the liquidation of Bhushan Power and Steel Ltd (BPSL) after rejecting steel major JSW Steel Ltd's Rs 19,000 crore bid to acquire it through the Corporate Insolvency Resolution Process (CIRP) route. A bench of Chief Justice B R Gavai and Justice S C Sharma said it will consider the appeal challenging the resolution plan afresh. 'We…think that this is a fit case wherein the judgment under review needs to be recalled and the matter needs to be considered afresh. So needless to say that while we are allowing the review, we keep all the questions available to both parties open to be argued at the stage of hearing,' the bench said. A Supreme Court bench of Justices Bela M Trivedi and S C Sharma had on May 2 quashed and set aside the September 5, 2019, National Company Law Tribunal (NCLT) order and February 17, 2020, National Company Law Appellate Tribunal (NCLAT) order upholding JSW's resolution plan. It said, 'the Resolution Plan…as approved by the CoC (Committee of Creditors) stands rejected, being not in conformity with the provisions contained in sub-section (2) of Section 30, read with sub-section (2) of Section 31' of the Insolvency and Bankruptcy Code (IBC). Section 30 (2) deals with the resolution professional's duty to examine the resolution plans. Section 31(2) empowers the adjudicating authority (NCLT) to reject a resolution plan if it does not meet the requirements under IBC. Deciding a batch of appeals challenging the NCLAT decision, the Supreme Court said it was 'without any authority of law and without jurisdiction' and 'is perverse, coram non judice and liable to be set aside'. Exercising suo motu powers under Article 142, the court also directed NCLT to initiate liquidation proceedings against BPSL. Seeking its review, Solicitor General of India Tushar Mehta, appearing for the CoC, submitted that BPSL was in severe financial stress but had become 'healthy' after the acquisition and has about 25,000 workers. The May 2 ruling said that 'JSW even after the approval of its Plan by the NCLAT, wilfully contravened and not complied with the terms of the said approved Resolution Plan for a period of about two years, which had frustrated the very object and purpose of the IBC, and consequently had vitiated the CIR proceedings of the Corporate Debtor-BPSL.' Countering this, Solicitor General Mehta said this timeline, the violation of which was flagged as something serious, is extendable. He wondered, 'Suppose for some justifiable reason which cannot be attributed to the parties, the timeline is breached, would the breaking of the timeline be so fatal that a successfully implemented plan can be set aside and a direction be issued under 142 to liquidate a company which has been revived in these 5 years?' Mehta said the May 2 ruling also concluded that CoC did not exercise its commercial wisdom. To this, the CJI said, 'We have consistently held that it is not open for this court or NCLT or NCLAT to sit in appeal over the wisdom of CoC.' Senior Advocate N K Kaul, who appeared for JSW, said the judgment 'will have a devastating effect on IBC'. Urging the court to recall the order and hear it afresh, he said, 'There is clear, glaring, palpable error, statutory provisions and law have been ignored. Wrong facts have been taken into account which should not have been taken into account which were not argued or pleaded.' CJI Gavai orally remarked that 'prima facie, we are inclined to allow the review. We will give a full-fledged hearing, but prima facie it appears that the view is not in consonance with earlier settled decisions.' He added that while hearing it afresh, the court 'will not go into any other documents, just the judgment'. The bench also said it cannot overlook the fact that it involved the livelihood of about 25,000 workers and thousands of crores in investments. 'We also have to take into account the ground realities….25,000 people cannot be thrown onto the road. Article 142 has to be utilised to do complete justice, not to do injustice to 25,000 workers…The purpose of IBC is to make a company functional,' CJI Gavai added.