Page 7 - Forex

India's forex reserves soar to record $473 billion, gold down by $218 mn

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

India's forex reserves rise $4.6 bn to $471.3 bn, gold up at $29 bn

In the sixth bi-monthly monetary policy of 2019-20 announced on Thursday, RBI had said foreign exchange reserves touched a lifetime high of USD 471.4 billion on February 4, 2020.

India's forex reserves touch life-time high of $462.16 billion: RBI

In the previous week, the reserves had increased by USD 58 million to USD 461.21 billion

We have put in more than a billion dollars, says Ebix Group CEO Robin Raina

'I have a 26 per cent stake in the parent company, Ebix Inc. The new agreement says I will get to keep this irrespective of whether I stay on, get fired, or leave,' says Robin Raina

RBI blames banks for sluggish implementation of FX-Retail platform

Has only 1,100 customers and a volume of less than $1 million a day; RBI wants banks to implement the service by March

24x7 Forex market ops: Some NDF volume to move onshore, say experts

The cause for concern for the RBI in this regard is that it has no control over the NDF market, whereas, the onshore market is under direct supervision of the regulator

Forex scam: ED summons Edelweiss CEO; company denies any link to Capstone

The case pertains to violation of foreign exchange norms in transactions involving Mumbai-based Capstone Forex Private Limited

After swelling, India's forex reserves climb $456 mn to record $455 bn

During the reporting week, gold reserves increased by USD 164 million to USD 27.132 billion

Forex reserves soar $2.3 bn to touch all-time high of $453 bn: RBI data

During the reporting week, gold reserves increased by $ 430 million to $ 27.078 billion

Who will be BJP's Mahalanobis?

P C Mahalanobis was the econometrician-economist who guided Jawaharlal Nehru's economic thinking

India's foreign exchange reserves at new life-time high of $430.57 bn

The country's gold reserves surged by $1.591 billion to $26.754 billion

Hobson's choice before the Reserve Bank...

... between a harder forward premium and a sharp decline in the domestic rates

Trading on overseas online forex platforms illegal, punishable under FEMA

In India, you can only bet on currency derivatives via a stock exchange broker

Retail customers can save big on forex costs soon, thanks to the RBI

For now, the facility will be available only for dollars, but more currencies will be introduced later

Barclays, Citi, HSBC and four other banks face fines for forex rigging

In contrast, Credit Suisse, which has previously said it did not find any evidence of misconduct, is fighting the EU antitrust charge

Forex reserves decline by $739 million to $414.14 billion, shows RBI data

In the previous week, the reserves had increased by $ 1.105 billion to touch $ 414.886 billion

It's raining forex in Indian economy with equity, bond deals in pipeline

Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors

India's foreign exchange reserves decline by $613.9 mn to $393.12 bn

The country's reserve position with the IMF also decline by $12.5 million to $2.617 billion

India's foreign exchange reserves up by $568.9 mn during November: RBI data

RBI's weekly data showed that the value of the country's gold reserves increased by 73 million to $20.96 billion

Forex brokerage firms are staring into an abyss, fighting to survive

 Today, the number of forex brokerage firms stand at about 15 - down from 40 five years ago and from 125 in 1998