In a crackdown on smuggling activities, the officials from the Airport Commissionerate, Mumbai, Zone-III, arrested two individuals and seized illegal drugs, gold, and foreign currency worth crores during an operation between January 24-25.
In the week that ended December 27, the country's foreign exchange kitty declined by USD 4.112 billion to USD 640.279 billion, data from the Reserve Bank of India (RBI) showed.
Custom department Indore seized foreign currency from different countries worth approximately Rs 26 Lakh at Devi Ahilya Bai Holkar Airport, said a press statement from customs on Sunday.
India's foreign exchange (forex) reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India (RBI) showed.
The Mumbai Zonal Office of the Directorate of Enforcement (ED) on Thursday recovered foreign currencies equivalent to Rs 4.6 crore, along with Rs 4 lakh in Indian currency, during a search operation across five locations in Mumbai.
India's external assets grew faster than its liabilities between June 2023 and June 2024, according to the latest report from the Reserve Bank of India (RBI).
In the week that ended on October 18, the forex reserves kitty dipped USD 2.163 billion to USD 688.267 billion, as per the data released by the Reserve Bank of India (RBI) on Friday. In the two weeks prior to that, the kitty declined USD 3.7 billion and USD 10.7 billion, respectively.
New Delhi [India], October 25: Foreign currency exchange is something most of us consider when planning to go abroad for either business or leisure. One must, therefore, know how to get through foreign currency exchange to avoid both time and money. The right approach can distinguish between
The Enforcement Directorate (ED) has confiscated Rs 30.50 lakh, along with 6,410 Euros, 3,062 USD, five Singapore Dollars, and 2,750 Swiss Francs, during a multi-state operation last week, the agency said on Thursday.
Mumbai customs arrested two passengers and seized gold and foreign currency worth lakhs at Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Maharashtra, officials said on Saturday.
Non-banking financial companies (NBFCs) are increasingly attempting to access funding sources beyond banks, such as through non-convertible debentures (NCD), commercial papers (CP), foreign currency borrowings (FCB) and securitisation, to continue their growth march, asserted Crisil Ratings.