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FOREX DEALERS
Niyo to acquire Capital India’s RemitX forex business for Rs 11.4 croreThe transaction will be undertaken through Kanji Forex, Niyo’s wholly owned subsidiary, and will also bring the RemitX brand and more than ...- NRI deposit inflows dip 23%; FCNR draws 124% moreNon-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experi...
- NBFCs: How you own them matters more than which you own; 19 NBFC stocks with upside potential ranging from 1% to 31%Like much of the Indian market, valuations in this sector are also not cheap. And when you pay a full price for a sector, the risk of getti...
- Cross-border trade in local currencies reduces transaction costs: RBI deputy governorLocal currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be lever...
- Zaggle Prepaid Ocean Services crashes 20%, hits lower circuit after Q1 PAT declines 33% YoYZaggle Prepaid Ocean Services shares hit the lower circuit after the company reported a sharp year-on-year decline in Q1FY27 profit, despit...
- RBI to close FCNR(B) forex swap facility early after strong dollar inflowThe Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows to...
- Central Bank of India mobilises $250 million under FCNR (B) window: CEO Kalyan KumarCentral Bank of India has successfully mobilized $250 million under the RBI's FCNR-B window, surpassing its internal target of $100 million...
- EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millionsUnder RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, ope...
- HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...
- Rupee falls 11 paise to 96.36 against US dollar in early tradeThe rupee fell eleven paise to 96.36 against the US dollar on Wednesday. Crude oil prices climbed due to geopolitical tensions and shipping...
- RBI asks banks to clear old trade and payment mismatchesThe RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify d...
- India silver import curbs create shortages, push premiums to six-month highIndia's silver import restrictions have caused significant shortages in the domestic market. Premiums have surged to their highest levels i...
- Unauthorised forex dealers duping customers: Names of 75 forex dealers on RBI’s alert listRBI has noted that these organisations are giving locals the ability to transfer or deposit money in Rupees in order to conduct illicit for...
- Forex trading, transactions with unauthorised dealers, websites can lead to trouble: How to check authorised listUsing unauthorised platforms for forex transactions could lead to loss of money and penal actions against you. So, you need to be careful w...
- Rupee firms up 16 paise to 66.86 against dollar in early tradeYesterday, the domestic unit ended below the psychological 67-mark, falling 13 paise to hit over two-week low of 67.02.
- Rupee gains 6 paise against dollar in early tradeForex dealers said besides selling of the American currency by exporters and banks, a higher opening in domestic stock market supported the...
- Rupee recovers marginally by one paisa at 62.18 against USDIn New York market, the US dollar is trading higher against most of its major rivals and was hovering at one-month high against the yen.
- Rupee gains 18 paise against dollar in early tradeForex dealers said besides dollar's losses against other major currencies, fresh capital inflows into equities by foreign funds kept the ru...
- Rupee loses 30 paise to 1-month low of 47.20 against US dollarThe Indian rupee dropped by 30 paise to an one-month low of 47.20 against the US dollar on the back of persistent demand from importers and...
- Forex trade goes haywireThe foreign exchange business went into a tizzy on Friday as a service tax on forex broking services came into effect.
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