Search For "foreign exchange"
India's forex reserves drop by USD 878 million to USD 632.73 billion
Updated : 4 years, 2 months ago IST
Mumbai [India], January 14 (ANI): India's foreign exchange (forex) reserves fell by USD 878 million to USD 632.736 billion for the week ended January 7, 2022, the Reserve Bank of India (RBI) data showed on Friday.
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Sri Lanka's foreign exchange crisis gets compounded by China's debt-trap d
Updated : 4 years, 2 months ago IST
Colombo [Sri Lanka], January 13 (ANI): Sri Lanka's foreign exchange crisis is compounded by its inability to meet the financial obligations initiated in co-operation with China on several projects.
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India's forex reserves decline by $160 million to $635.66 billion
Updated : 4 years, 2 months ago IST
Mumbai [India], December 24 (ANI): India's foreign exchange (forex) reserves declined by 160 million to $635.66 billion due to a sharp drop in foreign currency assets, the Reserve Bank of India (RBI) data showed on Friday.
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ED confiscates agricultural land worth Rs 1.76 cr of ex-director of privat
Updated : 4 years, 3 months ago IST
New Delhi [India], December 3 (ANI): Enforcement Directorate on Friday has confiscated agricultural land measuring 4.26 acres worth Rs 1.76 Crore of an NRI who is a former director of M/s Laundry Spot Private Limited for contravening the provisions of the Foreign Exchange Management Act (FEM
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Kerala Gold Smuggling Case: HC upholds preventive detention of accused
Updated : 4 years, 4 months ago IST
Kochi (Kerala) [India], November 9 (ANI): The Kerala High Court on Tuesday upheld the preventive detention of Rabins Hameed, accused in Kerala Gold Smuggling Case under Conservation of Foreign Exchange and Prevention of Smuggling Activities (COFEPOSA) Act.
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Boost to rail electrification over high density network in North Eastern r
Updated : 4 years, 5 months ago IST
New Delhi [India], October 11 (ANI): Indian Railways has embarked upon an ambitious plan of electrification of its complete Broad Gauge network by 2023-24, which would not only result in a better fuel energy usage resulting in increased throughput, reduced fuel expenditure but also savings i
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ED seizes Rs 131 crore of Chinese-controlled NBFC under FEMA
Updated : 4 years, 5 months ago IST
New Delhi [India], September 30 (ANI): The Enforcement Directorate has seized an additional amount of Rs 131.11 crore lying in bank accounts and virtual accounts belonging to the Chinese national-owned non-banking financial company (NBFC)-PC Financial Services Pvt Ltd - under the provisions
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ED raids 4 private firms, their directors in 5 cities in fraud case
Updated : 4 years, 6 months ago IST
New Delhi [India], September 16 (ANI): The Enforcement Directorate (ED) has conducted raids at the office premises of four private firms and residential premises of their directors and associates at Chandigarh, Panchkula, Mohali, Jalandhar and Delhi in a Foreign Exchange Management (FEMA) A
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Kyzer Software announces expansion plans
Updated : 4 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 14 (ANI/NewsVoir): Kyzer Software, a trusted name in the Banking and Finance Industry, recently revealed its future plans of building a complete trade finance platform that will help shape the future of Bank Customer - Business - Regulatory connect.
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Taliban reject Pak minister's claims on trade in Pakistani rupee
Updated : 4 years, 6 months ago IST
Kabul [Afghanistan], September 12 (ANI): The Taliban have rejected a claim by a high ranking Pakistani minister that trade between the two countries would be in rupees under a currency swap arrangement, local media reported on Sunday.
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Pakistan to trade with Afghanistan in rupees: Report
Updated : 4 years, 6 months ago IST
Karachi [Pakistan], September 10 (ANI): In an attempt to save foreign exchange, Pakistan would soon start trading with Afghanistan in rupees that may ease the burden on the former's growing current account deficit, a media report said on Friday.
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Pakistan: State Bank's reserves fall USD 123 million to USD 20 billion
Updated : 4 years, 6 months ago IST
Karachi [Pakistan], September 10 (ANI): Foreign exchange reserves held by Pakistan's Central Bank fell 0.61 per cent on a weekly basis, according to State Bank of Pakistan's data on Thursday.
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