Search For "foreign exchange"
Current account and forex reserve supporting Indian rupee: Ind-Ra
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Swelling of India's foreign exchange reserves in combination with benign oil prices and tepid imports have led to a current account surplus and helped the Indian rupee to remain broadly stable since mid-March, India Ratings and Research (Ind-Ra) s
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Chinese yuan weakens to 6.9938 against USD Friday
Updated : 5 years, 7 months ago IST
Beijing [China], July 24 (Xinhua/ ANI): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 17 pips to 6.9938 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.
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India's debt to GDP ratio may rise to 87.6 pc: SBI Ecowrap
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 20 (ANI): India's debt to gross domestic product (GDP) ratio could climb to 87.6 per cent this fiscal, up from 72.2 per cent last year, due to a collapsing GDP and consequently higher borrowings, according to a research note by SBI Ecowrap released on Monda
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Chinese Yuan weakens to 7.0043 against US Dollar
Updated : 5 years, 8 months ago IST
Beijing [China], July 17 (Xinhua/ ANI) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 130 pips to 7.0043 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.
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ED searches tour and travel companies in Delhi, Ghaziabad; seizes Rs 3.57
Updated : 5 years, 8 months ago IST
New Delhi [India], July 11 (ANI): The Enforcement Directorate (ED) has conducted searches at eight locations of tour and travel companies in Delhi and Ghaziabad in a case related to unauthorized foreign exchange dealings and seized Rs 3.57 crore cash.
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ED issues show-cause notice to jewellery firm, its promoters under FEMA
Updated : 5 years, 8 months ago IST
New Delhi [India], July 7 (ANI): A show-cause notice was issued to M/s Shree Ganesh Jewellery House (I) Ltd & its Promoters and others for allegedly resorting to unauthorized foreign exchange dealings, holding of foreign exchange outside India, willfully siphoning off Rs 7,220 crore as e
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Bank fraud: ED slaps FEMA notice of Rs 7,220 cr on Kolkata firm
Updated : 5 years, 8 months ago IST
New Delhi [India], July 6 (ANI): The Enforcement Directorate (ED) has sent a show-cause notice under Foreign Exchange Management Act (FEMA) to a Kolkata-based jewellery house for unauthorised parking of funds to the tune of Rs 7,220 crore.
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India's foreign exchange reserves increased by USD 59.5 billion during 201
Updated : 5 years, 8 months ago IST
New Delhi [India], June 30 (ANI): The country's foreign exchange reserves increased by USD 59.5 billion during 2019-20, on a balance of payments basis (excluding valuation effects), the Reserve Bank of India said on Tuesday.
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Show-cause notice issued to Sanjay Jhunjhunwala over alleged foreign excha
Updated : 5 years, 8 months ago IST
New Delhi [India], June 24 (ANI): A show-cause notice amounting to Rs 206 crore has been issued to Mani group promoter Sanjay Jhunjhunwala for his illegal dealings in foreign exchange, the Enforcement Directorate (ED) said on Wednesday.
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IMF to consider $1.4 bn loan to Pakistan after Imran Khan seeks help to ta
Updated : 5 years, 11 months ago IST
Islamabad [Pakistan], April 13 (ANI): The International Monetary Fund (IMF) has called its executive board meeting on April 16 to consider disbursement of an extra loan worth $1.4 billion to Pakistan after prime minister Imran Khan, once again, opened up his arms before the global financial
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ED orders seizure of Mumbai-based properties worth Rs 32.38 cr under FEMA
Updated : 5 years, 11 months ago IST
New Delhi [India], April 11 (ANI): The Enforcement Directorate (ED) has ordered the seizure of properties having an equivalent value in India to the extent of Rs 32.38 crore and filed a complaint against a woman named Jaya Patel before the competent authority under Foreign Exchange Managemen
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RBI announces dollar-rupee sell-buy swaps as coronavirus spreads
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], Mar 12 (ANI): The Reserve Bank of India (RBI) on Thursday decided to undertake six-month US dollar sell/buy swaps to provide liquidity to the foreign exchange market.
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