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RBI FOREX CHARGES
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- RBI allows banks to lend directly to REITs & InvITs, caps applyThe Reserve Bank of India now permits banks to directly fund Real Estate Investment Trusts and Infrastructure Investment Trusts. Strict rul...
- FM Sitharaman says Government open to hear investor concerns on LTCG, STCG taxationFinance Minister Nirmala Sitharaman has indicated the government is ready to listen to stock market investors. Concerns regarding Long-Term...
- India explores steps to mobilise dollar inflows as rupee slides, sources sayIndia's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabili...
- CII's 20-Point Policy Agenda calls for coordinated fiscal, financial and trade response to West Asia crisisConfederation of Indian Industry praises government and RBI for swift actions amid West Asia conflict. CII proposes a detailed plan to supp...
- Sanjay Malhotra’s baptism by fire amid West Asia war's economic consequencesRBI's Malhotra faces a critical test as war disrupts global markets. Inflation and growth are key concerns. The Reserve Bank of India must ...
- Hidden charges on foreign exchange transactions will soon be known in advance; RBI issues draft proposalThe Reserve Bank of India has proposed new regulations mandating banks to disclose all foreign exchange transaction costs upfront. This aim...
- International money transfer from India online: Niyo vs Thomas Cook vs BookMyForex, check the cost of transferAs more Indians relocate abroad, the demand for international money transfers is rising for various purposes like education and investments...
- RBI seeks comments from stakeholders on draft circular on disclosure of forex transactionsThe Reserve Bank of India is enhancing transparency in foreign exchange dealings. A new draft circular proposes mandatory disclosure of all...
- India's e-commerce exports have a lot to complain about banking issuesA report by the Global Trade Research Initiative (GTRI) highlights the banking issues are hindering the growth of e-commerce exports from I...
- RBI to transfer Rs 87,416 cr surplus to govt for FY23, up from ₹30,307 cr a year earlierThe Reserve Bank of India will transfer a surplus of ₹87,416 crore to the government for the 2022-23 accounting year, up from ₹30,307 crore...
- RBI directs users to pay fee, charges on forex cards in rupees"A few authroised persons are levying certain fees/charges, which are payable in India on International Debit Cards/Store Value Cards/Charg...
- RBI eyes transparency in forex dealsCurrently, most customers — particularly, small and mid-sized companies with no sophisticated treasury and access to Reuters or Bloomberg s...
- Will this new platform for retail foreign exchange customers benefit you?Customers can expect their overall foreign exchange transaction costs to come down with this facility- a centralised electronic forex tradi...
- Things to know before buying a prepaid forex card for your international holidayIf you are planning on going on a holiday abroad this summer, here is what you should know about prepaid or forex cards.
- Thomas Cook valuation may be hit as rivals get forex licenceMost analysts have stopped tracking Thomas Cook shares, while the few who still do are yet to figure out the full implications of RBI's dec...
- IIFCL may power $5-b loans to PFCPower Finance Corporation (PFC) may be allowed to access up to $5 billion foreign exchange reserves through India Infrastructure Finance Co...
- IIFCL overseas arm as monoline insurer on cardsThe government is looking at tackling the three-pronged issue of availability, tenor and cost of funds for infrastructure projects through ...
- It's a no-frills look for forex encashmentThose encashing foreign currencies are in for some good piece of news. They may have to fork out less money as handling charges to the bank...
- A patch of green makes for soft landingThe country's fiscal managers led by the Planning Commission may well be pushing the case for utilising the burgeoning foreign exchange res...
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