Tag: foreign currency
Posted in Economy
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…
Posted in Economy
RBI exempts bank swap deals from net unhedged FX exposure norm
Kolkata: The swap deals done by banks with the Reserve Bank of India for the money raised through foreign currency deposits, external commercial borrowings and…
Posted in Economy
Exporters in Gift City can retain forex proceeds for 3 months now
Mumbai: The Reserve Bank of India on Monday notified an amendment to Foreign Exchange Management Act (FEMA) regulations, allowing exporters with foreign currency accounts in…