Search For "foreign exchange"
Sri Lanka inflation to reach 5% target during Q3-Q4: Central bank official
Updated : 2 years ago IST
The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the worst financial crisis since its Independence.
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TMC leader Mohua Moitra skips ED summons in Foreign Exchange Management Ac
Updated : 2 years ago IST
Trinamool Congress (TMC) leader Mahua Moitra on Monday skipped the Directorate of Enforcement (ED)'s summons issued against her last week in connection with irregularities in a foreign exchange contravention case.
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India's forex reserves decline USD 5.2 billion to come off 1-month high
Updated : 2 years ago IST
India's foreign exchange reserves declined by USD 5.240 billion to USD 617.230 billion in the week that ended on February 9, 2024, thereby coming off a month high it hit the prior week, the latest data released by the Reserve Bank of India showed.
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ED summons TMC leader Mohua Moitra in Foreign Exchange Management Act case
Updated : 2 years ago IST
The Enforcement Directorate (ED) on Thursday summoned Trinamool Congress leader Mahua Moitra to appear before it on February 19 in connection with irregularities in the foreign exchange contravention case.
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Hyderabad: ED searches 7 locations in Foreign Exchange Management Act case
Updated : 2 years ago IST
According to an official release, "ED carried out searches on February 13 at seven locations in and around Hyderabad linked to M/s Kings Group of companies and its associated individuals and entities under the provisions of the FEMA, 1999."
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ED raids seven places in Hyderabad in Foreign Exchange Management Act case
Updated : 2 years ago IST
The Enforcement Directorate has carried out searches at seven locations in and around Hyderabad linked to the Kings Group of companies and its associated individuals and entities under the provisions of the Foreign Exchange Management Act (FEMA), 1999 and seized both Indian and foreign curre
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In filing with exchanges Paytm denies report of FEMA case against company
Updated : 2 years, 1 month ago IST
One 97 Communications Limited, the company that operates the fintech company Paytm today issued a clarification to the BSE and the NSE on certain news reports that had suggested that there was a FEMA (Foreign Exchange Management Act) violation case registered by the Directorate of Enforcemen
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India's forex reserves at 1-month high of USD 622.47 billion
Updated : 2 years, 1 month ago IST
India's foreign exchange reserves rose by USD 5.736 billion to USD 622.469 billion in the week that ended on February 2, 2024, the latest data released by the Reserve Bank of India showed.
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One97 Communications denies reports of investigation or violation of Forei
Updated : 2 years, 1 month ago IST
Paytm has refuted reports claiming an investigation by the Enforcement Directorate on the company, saying that the federal agency is neither investigating One97 Communications, owner of the Paytm brand, nor its founder and CEO, Vijay Shekhar Sharma, for money laundering.
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Pakistan's foreign reserves continue to decline due to loan repayment
Updated : 2 years, 1 month ago IST
The foreign exchange reserve continued its downward trend and recorded at USD 8.21 billion as of January 26 which is a USD 54 million drop compared to the previous week at USD 8.27 billion, said the State Bank of Pakistan (SBP) report.
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India's foreign exchange reserves decline by USD 2.8 billion
Updated : 2 years, 1 month ago IST
Forex reserves or foreign exchange reserves (FX reserves), are assets that are held by a nation's central bank or monetary authority.
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Hardeep Puri met Nigerian junior petroleum minister, oil major NNPC's CEO
Updated : 2 years, 1 month ago IST
Nigeria is a major hydrocarbons producer in Africa and its production is the mainstay of the country's economy. Oil and natural gas revenue is the country's primary source of foreign exchange earnings.
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