Search For "foreign exchange"
CBUAE reviews latest developments in exchange businesses
Updated : 1 year, 5 months ago IST
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), hosted a high-level roundtable with the Chairman and representatives of the Foreign Exchange and Remittance Group, to discuss updates and developments in the exchange business in the UAE, in the presence of the CBUAE As
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Govt may save over Rs 60,000 crore on Crude imports this fiscal: Experts
Updated : 1 year, 5 months ago IST
With the softening of crude prices in the international market, it is estimated that the government may save up to Rs 60,000 crore on crude imports this fiscal as compared to last year.
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Tourist arrivals in India trail global trend, but forex earnings from tour
Updated : 1 year, 5 months ago IST
Crisil asserted that reduced demand from Bangladesh on account of the current political scenario there and the suspension of direct flights from China are impacting tourist footfalls in India. Both these countries were a major source of tourists for India and accounted for 27 per cent of the
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India's forex reserves are on the rise; gained USD 66 billion in 2024
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves have been rising for months now, hitting several all-time highs. The forex kitty increased by USD 66 billion so far this year and is currently at USD 689.235 billion.
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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves increased by USD 5.248 billion, reaching a fresh record high of USD 689.235 billion, during the week that ended on September 6, according to data released by the Reserve Bank of India on Friday.
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Government notifies foreign exchange rules 2024 to simplify investments an
Updated : 1 year, 6 months ago IST
The Ministry of Finance on Thursday notifies the new Foreign Exchange (Compounding Proceedings) Rules 2024 to simplify rules and regulations for foreign investments. The new rules are aimed at streamlining and rationalising existing rules and regulations to further facilitate ease of doing b
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ED seizes foreign currencies worth Rs 12.96 lakh during search operations
Updated : 1 year, 6 months ago IST
The Enforcement Directorate (ED) has seized properties in the form of foreign currencies amounting to Rs 12.96 lakh, during multiple searches conducted under the Foreign Exchange Management Act (FEMA), 1999 at various locations in Mumbai and Kolkata as part of an ongoing probe in the case of
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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 6 months ago IST
The reserves have been on an upward trend for some time. In 2024 alone, they have risen by over USD 60 billion cumulatively. This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
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Ethanol blending percentage surges from 1.53 pc in 2014 to 15 pc in 2024:
Updated : 1 year, 6 months ago IST
The government has set a goal of reaching 20 per cent blending by 2025 and is making strides towards this target. Over the past decade, this initiative has yielded substantial benefits, such as saving Rs 99,014 crore in foreign exchange, cutting CO2 emissions by 519 lakh metric tons, and sub
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India's foreign exchange reserve touches fresh high of USD 681.7 billion
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India.
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Government amends SCRR to facilitate direct listing of Indian companies on
Updated : 1 year, 6 months ago IST
The amendments are designed to streamline the listing requirements for Indian companies looking to list their securities on international exchanges within International Financial Service Centres (IFSCs), notably at GIFT City in Gujarat.
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India's foreign exchange reserves rose USD 4.5 billion to reach USD 674.7
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves have risen by USD 4.546 billion to reach USD 674.664 billion, a touch below their all-time highs, during the week that ended on August 16, RBI data showed on Friday.
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