Tag: foreign exchange
RBI working to provide avenues to Russian trade counterparts for INR use
Mumbai: The Reserve Bank of India (RBI) is working on providing more avenues for the usage of Indian rupee (INR) accumulated by the Russian trade…
India’s forex reserves swell by $8.66 bn to hit an all-time high of $725.7 bn
India’s foreign exchange reserves rose by $8.66 billion from a week earlier to hit an all-time high of $725.727 billion in the week ending February…
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…
Bharat Connect gets linked with FX-Retail platform; enables customers to buy USD
The Reserve Bank on Tuesday said bill payment system Bharat Connect has been linked with foreign exchange retail platform, enabling individual customers to buy US…
Money markets, forex and G-Secs deals to remain closed on September 8: RBI
The Reserve Bank of India (RBI) on Thursday said there will be no transactions and settlements in government securities, foreign exchange, money markets and rupee…