This is India’s first-ever LCS and is expected to reduce transaction costs and time and increase reliance on local currencies. This will further add to the preferential terms accruing from CEPA. Traders can choose the payment currency based on mutual agreement.
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.
Munich [Germany], August 14: Nagarro's superior client experience and its strategic diversification continued to deliver resilient growth in the face of global economic uncertainties. In Q2 2023, revenue grew to €226.8 million, up 8.0% YoY from €210.0 million in Q2 2022. Constant currency Yo
It is expected that the increase in electricity tariffs per unit could be Pakistani currency (PKR) Rs 3.50–6, which could result in an additional burden of Rs 144.688 billion on the consumers from July 1, 2023.
Directorate of Enforcement (ED) conducted searches under PMLA on 01.08.2023 at 12 locations in Delhi and Gurugram in a case of money laundering involving P K Munjal, Chairman & MD of Hero Motocorp Limited, Hero Fincorp Limited and employees of Salt Experience and Management Pvt. Ltd (SEM
The Central Bank of Sri Lanka (CBSL) has clarified certain misrepresentations of facts currently circulating in the public domain on Indian Rupee (INR).
The decision which hit airline shares and was witnessed as curbing foreign currency outflows, was one of two measures announced by the Banking Regulation and Supervision Agency (BDDK) on Monday.
Ansari, a resident of Inarwa village of Birgunj in Nepal, was arrested from the Indo-Nepal border during a search operation launched by sleuths following inputs of his presence in the area on Monday.
Customs officials at Faisalabad Airport seized over 900 shipment of smuggled smartphones, drone cameras, and related accessories valued at millions of currency units, reported ARY News.
Rs 2000 denomination banknotes were introduced to expeditiously meet the currency requirement of the economy after Demonetisation and are close to the end of their useful life, the Minister of State for Finance, Pankaj Chaudhary said in a written reply to the Rajya Sabha on Tuesday.
The sleuths of special task force (STF) of Assam Police arrested two dealers who were involved in Fake Indian Currency Notes (FICN) racket from Hengerabari locality in Guwahati.