New Delhi [India], March 5: Customers Can Now Sell Back Up to 25% of Purchased Foreign Currency at the Same Buying Rate Within 30 Days. Orient Exchange has announced the expansion of its popular Buy Back Scheme, extending the benefit to a total of 16 destination currencies. The expanded sche
Bhubaneswar (Odisha) [India], February 25: Annapurna Finance Private Limited has secured a USD 100 million through syndicated multi-currency term loan facility, along with a USD 50 million greenshoe option. The facility, denominated in USD and JPY, marks a significant step in enhancing Annap
Two balloons with the United States' and Pakistani currencies (USD and PKR) attached to them were found near the Line of Control (LoC) in the Akhnoor sector on Monday, Jammu and Kashmir Police said.
A sharp and sustained fall in the US dollar against other major currencies could turn into a recessionary shock for the global economy outside the United States, according to an analysis highlighted in a report by BofA Securities.
New Delhi [India], February 3: Global or international payment gateways help businesses accept payments from customers shopping overseas. These gateways accept payments in different currencies, convert them into the business's native currency at a predetermined exchange rate, and transfer th
India's Chief Economic Adviser V. Anantha Nageswaran on Tuesday said that boosting the manufacturing sector is crucial for strengthening the rupee over the medium term and for bringing down the cost of capital in a meaningful manner. He noted that countries with strong and stable currencies
Gurgaon (Haryana) [India], January 19: Corset Wholesale Ltd, a leading global corset manufacturer and B2B fashion platform, today announced the launch of multiple region-specific Factory Outlet websites in response to shifting global tariffs, currency volatility, and increased trade complexi
Global central banks are gradually diversifying their foreign exchange reserves away from the US dollar and the euro, increasing exposure to other currencies and gold, highlighted a report by CareEdge Ratings.
Mumbai (Maharashtra) [India], December 17: IDFC FIRST Bank unveils its 'IDFC FIRST Global Savings Account in USD and Euro', designed exclusively for Non-Resident Indians (NRIs) through GIFT City, Gujarat. This offering is distinct from a domestic or NRI savings account and is specially desig
Central Bank Digital Currencies (CBDCs) are digital tokens like Stablecoins, but they are inherently superior since they satisfy all the attributes that money should have, RBI Deputy Governor T Rabi Sankar argued.
India and Russia are actively working "to promote mutual trade" using their national currencies, Foreign Secretary Vikram Misri said, highlighting efforts to address trade imbalances and strengthen economic ties.
New Delhi [India], December 2: Orient Exchange, one of India's most trusted RBI-authorised foreign exchange providers, has launched a traveller-friendly Buy Back Guarantee offer, allowing customers to return unused foreign currency at the same rate they purchased it. This benefit shields tra