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BANK CURRENCY CONVERSION CHARGES
HSBC has used over half of $1-billion startup fund within a year: Global innovation banking head David SabowHSBC has deployed more than half of its $1 billion loan commitment to Indian startups within a year of launching its innovation banking pla...- No meddling as 'middlemen' in forex conversion by banks: New rules forbid conversion of foreign earnings into rupees to detriment of exportersThe Foreign Exchange Dealers' Association of India (FEDAI) has directed banks not to convert foreign currency remittances into rupees witho...
- Rupee rises 1.9% in a week, closes below 95 per dollarThe Indian rupee strengthened 1.9% this week to close at 94.96 per dollar, its strongest weekly gain in seven months. Aggressive RBI measur...
- India's forex reserves shed $60 billion in six weeks as RBI steps in to support rupee, one of Asia's worst-performing currencies this yearIndia’s foreign exchange reserves declined by nearly $60 billion in six weeks to $726.027 billion as of October 9, from a record high of $7...
- India's forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBIIndia’s foreign exchange reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the...
- Rupee relief comes with disruptions in financial marketsThe Reserve Bank of India took decisive steps to stabilize the rupee, significantly affecting financial markets. New constraints led to sky...
- Flipkart ex-staff push for Esop buyout; Wipro, Tech Mahindra’s Q2 reportHappy Friday! Former Flipkart employees are asking Walmart to cash out their vested stock options. This and more in today’s ETtech Morning ...
- RBI issues clarifications on forex hedging curbsThe Reserve Bank of India issued clarifications on its recent measures to support the rupee. This followed concerns about tighter hedging r...
- Rupee extends rise but falters past 95/USD on importer hedging, outflowsThe Indian rupee has experienced an increase for the third consecutive session amid regulatory changes by the central bank. It reached a pe...
- US hits Bank of America with $1.2 billion fine, says it violated money laundering, sanctions lawsThe US Treasury Department announced a $1.2 billion fine against Bank of America for violating anti-money laundering laws. This penalty mar...
- RBI's forex curbs lift rupee as banks reassess hedging costsThe Indian rupee has appreciated in value against the dollar following banks' compliance with recent currency derivative guidelines. The Re...
- PM Modi woos global investors, says India believes in 'Power to Empower'The Prime Minister told the gathering of business leaders from India and abroad that the country has seen inclusive growth at a steady pace...
- UPI MDR rollout deferred beyond Diwali; date yet to be notifiedNPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0.4% fee on eligible bank account-fu...
- RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FMFinance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that th...
- RBI tightens rules on rupee non-deliverable contracts, widens 20% cash reserve requirementThe Reserve Bank of India on Monday tightened rules on rupee non-deliverable derivative contracts, limiting overseas clients to using them ...
- Banks seek RBI relief, clarity on India's latest rupee-defence measures: ReportBanks have approached the Reserve Bank of India to request changes to the 20% cash deposit mandate. They propose that a flat charge replace...
- Rupee stages stunning ₹1 comeback against dollar: What’s the RBI’s 4-step shock therapy and how long can it last?The Indian rupee gained against the US dollar after the Reserve Bank of India announced several intervention measures. These actions aimed ...
- Indian central bank curbs to temper corporate rush to hedge against rupee weaknessIn response to the climbing oil prices and a declining rupee, the Reserve Bank of India has initiated fresh strategies aimed at economic st...
- RBI's rupee defence may drain banking liquidity, ease currency pressureRBI has introduced measures to curb rupee volatility, which could ease immediate depreciation pressures in the currency market. These measu...
- Hidden cost of travel: Visa fees, card markups, optional tours and tips that can add 25-40% to budget; here's how to plan for themMany travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overloo...
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