Tag: foreign currency
Posted in Business
Delhi HC quashes summon issued to Hero Motocorp Chairman Pawan Munjal for forex DRI case
The Delhi High Court on Wednesday quashed a summons issued to Hero Motocorp chairman Pawan Kant Munjal in a case registered by the Directorate of…
Posted in Economy
rbi: RBI permits banking units at IFSC to settle NDDCs in rupee
The Reserve Bank of India said it has permitted banks operating International Financial Services Centre (IFSC) to offer non-deliverable derivatives contracts utilising rupees to resident…
Posted in Finance
Forex cards, travel cards fee should be settled in rupees, not in foreign currency: RBI
The Reserve Bank of India (RBI) stated that the charges levied on forex prepaid cards, store value cards, and travel cards payable in India must…