Tag: foreign exchange
China’s Stealthy Yuan Support Ebbs, Denting Hedge Fund Trade
A lucrative trade that offered hedge funds a way to ratchet up profits on Chinese debt instruments is starting to lose its charm. China’s Stealthy…
India’s forex reserves hit a fresh high of $683.99 bn: RBI data
India’s foreign exchange reserves rose $2.3 billion in the week ending August 30 to a new record high of $683.99 billion, according to the latest…
Piyush Goyal: FTAs two-way traffic, need to give sops too: Piyush Goyal
New Delhi: Commerce and industry minister Piyush Goyal Tuesday slammed the industry at a Confederation of Indian Industry (CII) for hankering for protection that hobbles…
Piyush Goyal slams India Inc for focusing on small gains
New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday took to task India Inc for ignoring national interest for small gains. He regretted that…
Paytm bank: ED tapped RBI for more info on FX violations by Paytm Bank users
The Directorate of Enforcement (ED) sought additional information from the Reserve Bank of India (RBI) less than two months ago, on alleged violation of the…
Sri Lanka lifts import ban on buses, trucks
COLOMBO: Crisis-hit Sri Lanka partially lifted a ban on vehicle imports on Tuesday by allowing buses and trucks back into the island after more than…
Banks told to push foreign trade in Rupee
Banks are being nudged to popularise the settlement of cross-border trade in rupee. While many businesses – driven by commercial convenience, balance of payments, and…
Credit card spends outside India will attract 20% TCS: How users may be impacted
Spending in foreign exchange through international credit cards will be covered under the Reserve Bank of India’s liberalised remittance scheme (LRS), under which a resident…
Rupee finds temporary ease as India’s current account deficit shrinks
Economists are lowering their forecasts for India’s current-account shortfall, thanks to favorable trade trends that are proving to be a blessing for the rupee —…
Imran Khan sets out economic rescue plan at Lahore rally
Former Pakistani PM Imran Khan led a rally in Lahore on Sunday, setting out his ideas to revive the country’s spiraling economy and accusing the…