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FOREX MANAGEMENT REGULATIONS
RBI introduces specific turnover thresholds for money changersThe Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore an...
RBI issues revised norms for entities dealing in forexThe Reserve Bank of India has introduced revised norms for foreign exchange dealings, ceasing the issuance of fresh licenses for money chan...
Disciplined investing delivered good results for us: Navneet Munot, HDFC MF CEOHDFC MF’s Navneet Munot tells Sanket Dhanorkar and Kayezad E. Adajania how navigating crises has shaped investing discipline, risk manageme...
RBI Governor Malhotra calls for deeper, more efficient financial markets as India shows resilience amid global headwindsIndian financial markets are showing strength amid global challenges. RBI Governor Sanjay Malhotra highlighted that future growth hinges on...
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
Can you fulfil your study abroad dream without going broke? Here are 7 ways to minimise costsStudying abroad involves more than just academic merit; it's a significant financial investment. Indian students often underestimate hidden...
HDFC Bank alerts clients on card swipe for overseas dealsIn recent times many resident individuals, banking with various financial institutions, have used cards to carry out international capital ...
It's not just war that brought rupee down, it needs better supportThe West Asia conflict has accelerated INR depreciation, necessitating a rethink of India's economic fundamentals. Short-term measures incl...
Ahana announces RBI reporting solution for co-operative banks using its proprietary Data ModelAhana introduces a new solution for co-operative banks. It aims to simplify Reserve Bank of India reporting. The system uses a special data...
Global banks play hedge card after RBI blow on rupee betsForeign banks are reportedly reclassifying arbitrage deals, impacted by RBI's rupee speculation clampdown, as hedges for capital from overs...
How UPI can make India an architect of global financial connectivityIndia's triumph with UPI in digital payments is on the brink of revolutionizing cross-border money transfers. The goal is to enhance the sp...
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delaysBanks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could ...
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...
Rupee logs biggest gain in 12 yearsThe Indian rupee saw a strong surge on Thursday, gaining nearly 1.8% against the dollar. This appreciation followed new regulations by the ...
Indian rupee soars to best day in over a decade as RBI clamps down on speculationThe Indian rupee surged on Thursday after the central bank tightened the screws on speculative bets against the currency, with the Asian un...
RBI bans advance remittances for bullion imports in new forex rulesThe Reserve Bank of India has stopped advance payments for gold and silver imports. This move aims to prevent money laundering. Banks will ...
RBI places unauthorised forex dealers on alert listThe regulator said that any entity not appearing in the Alert List should not be assumed to be authorised by the RBI. "The authorisation st...