Search For "foreign exchange"
ED attaches Rs 5551.27 cr of Xiaomi Technology India Pvt Ltd under Foreign
Updated : 3 years, 10 months ago IST
New Delhi [India], April 30 (ANI): The Enforcement Directorate (ED) has seized Rs 5551.27 crore of Xiaomi Technology India Pvt Ltd-- a wholly-owned subsidiary of China-based Xiaomi group-- under the Foreign Exchange Management Act (FEMA) in connection with illegal remittances made by the
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India's forex reserves slide to $600.42 billion; 7th straight weekly fall
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], April 30 (ANI): India's foreign exchange (forex) reserves dipped by $3.27 billion to $600.42 billion for the week ended April 22, registering the seventh straight week of fall, as the Reserve Bank of India (RBI) appears to keep selling dollars to prevent a slide
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Indian envoy Gopal Baglay reiterates India's continued commitment to suppo
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 29 (ANI): Indian High Commissioner of Sri Lanka Gopal Baglay received a group of Parliamentarians and reiterated India's continued commitment to support the island nation.
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In 5th straight weekly fall, India's forex reserves dip by $2.47 billion
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 16 (ANI): India's foreign exchange (forex) reserves dipped by $2.47 billion in the week ended April 8, registering the fifth straight week of fall, as the Reserve Bank of India (RBI) appears to keep selling dollars to prevent a slide in the value of rup
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ED summons Xiaomi's former India managing director Manu Kumar Jain
Updated : 3 years, 11 months ago IST
New Delhi [India], April 13 (ANI): The Enforcement Directorate has summoned Manu Kumar Jain, Xiaomi's former India managing director, to appear before it in a probe linked to the firm's business practices conformed with Indian foreign exchange laws, said sources on Wednesday.
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Pakistan's external repayment position in red zone: Moody's
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 12 (ANI): With Pakistan facing political turmoil and a sliding economy, further deterioration in its external position including widening of current account deficit and erosion of foreign exchange reserves, would threaten the government's external repayment posit
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Food prices surge to 'unbearable levels' in Sri Lanka
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 10 (ANI): Amid the unprecedented economic crisis in Sri Lanka, the price of rice has risen to "unbearable levels" in the island nation.
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India's forex reserves slump by $11.17 billion; steepest fall ever
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 9 (ANI): India's foreign exchange (forex) reserves dipped by $11.17 billion in the week ended April 1, the steepest weekly fall ever, due to a sharp plunge in foreign currency assets, the Reserve Bank of India (RBI) data showed.
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Chinese yuan weakens to 6.3799 against USD
Updated : 3 years, 11 months ago IST
Beijing [China], April 6 (ANI): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 290 pips to 6.3799 against the US dollar on Wednesday, according to China Foreign Exchange Trade System.
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Delhi HC issues notice over uniform banking code for foreign exchange tran
Updated : 3 years, 11 months ago IST
New Delhi [India], April 5 (ANI): The Delhi High Court on Tuesday issued notice to the Centre on a Public Interest Litigation (PIL) seeking direction for the Centre to implement a uniform banking code for foreign exchange transactions to control black money generation and Benami transactions
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Pakistan's constitutional crisis to adversely affects its economy, say ana
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 5 (ANI): The ongoing constitutional crisis in Pakistan amid the dissolution of the National Assembly by Imran Khan can adversely affect the fragile economy of the country.
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PIL in Delhi HC seeks uniform banking code for foreign exchange transactio
Updated : 3 years, 11 months ago IST
New Delhi [India], April 4 (ANI): A Public Interest Litigation (PIL) has been moved in the Delhi High Court seeking direction for the Centre to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions
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