Thu, May 18, 2023
The central government recently amended rules under the Foreign Exchange Management Act to bring international credit card spending under the Liberalised Remittance Scheme (LRS). As a result of the move, the spending by international credit cards will also end up attracting a higher rate of Tax Collected at Source (TCS) at 20%, effective July 1. Why your foreign trips will get costlier? How expensive has international shopping become after 20% TCS? Watch this special discussion with Deepak Dobhal.
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Sat, Apr 29, 2023
Incidentally in October 2021, the country`s forex reserves had reached an all-time high of $645 billion.
Wed, Feb 01, 2023
Rupee Vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.76 against the dollar, registering a rise of 12 paise over its previous close. The local unit was later trading at 81.80 against the greenback.
Mon, Dec 12, 2022
The Foreign Exchange Reserves of India declined by US$ 74.65 billion to US$ 532.66 billion between March 31 and September 30.
Sat, Nov 12, 2022
China, Japan, Korea, Germany, Malaysia, Singapore, and Taiwan are the seven economies that are a part of the current monitoring list, the Department of Treasury said in its biannual report to the Congress.
Fri, Nov 04, 2022
India's forex reserves increased by USD 6.561 billion to reach USD 531.081 billion for the week ended October 28, the RBI said on Friday. The overall reserves, which have been on a declining spree, had dropped by USD 3.847 billion to USD 524.52 billion in the previous reporting week.
Mon, Oct 03, 2022
Rupee vs Dollar Today: Brent crude futures, the global oil benchmark, surged 2.77 per cent to USD 87.50 per barrel.
Wed, Sep 07, 2022
The Reserve Bank of India (RBI) has issued a warning against applications and platforms that are involved in illegal foreign exchange (forex) transactions and released an ‘Alert List’ consisting of names of 34 firms that are operating electronic trading platforms (ETPs) without due clearance from
Sat, Aug 27, 2022
Startups and technology-based new age enterprises are exhibiting a strong momentum, providing new jobs and enhancing customer experiences, Birla said.
Thu, Aug 25, 2022
The rupee has depreciated about 7 per cent against the US currency this year but has performed better than its emerging market peers.
Fri, Jul 08, 2022
The rupee declined by 10 paise to close at 79.23 (provisional) against the US dollar on Friday, tracking the strength of the American currency in the overseas market.
Thu, Jun 16, 2022
The US Federal Reserve on Wednesday raised its key interest rate by 75 basis points, the largest hike since 1994, to a range of 1.5-1.75 per cent. It also indicated more rate increases to cool down high inflation.
Sat, Apr 02, 2022
According to the RBI’s weekly statistical supplement, the country’s forex reserves dipped by $2.03 billion to $617.648 billion during the week ended March 25.
Wed, Dec 29, 2021
Foreign portfolio investments (FPIs), who were net sellers in the cash segment of Indian equity markets in 8 out of the 12 months in 2021, cumulatively poured in over Rs 51,000 crore into the Indian markets in 2021.
Thu, Oct 28, 2021
Indians sending money to other countries have ended up paying Rs 26,300 crore as foreign exchange fees in 2020, despite the pandemic, a report said on Thursday.
Wed, Feb 06, 2019
At the Interbank Foreign Exchange, the rupee opened higher at 71.56 then gained further ground to touch 71.49 against the US dollar, showing a gain of 8 paise over its previous closing.
Thu, Dec 06, 2018
The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market.
Sat, Nov 24, 2018
India`s foreign exchange (forex) reserves rose by $568.9 million during the week ended November 16, official data showed on Friday.
Mon, Nov 05, 2018
With global crude prices remaining elevated, the Indian rupee is likely to be under pressure, and may touch the 76 level against the US currency over the next three months, says a report.
Mon, Oct 22, 2018
The Indian rupee strengthened by 8 paise to 73.24 against the dollar in early trade Monday on increased selling of the US currency by exporters and banks amid easing crude prices.
Fri, Oct 19, 2018
The rupee recovered early losses and finally settled 29 paise higher at 73.32 against the US dollar Friday, amid a weakening greenback.
Thu, Aug 16, 2018
Recent developments relating to Turkey have generated global risk aversion towards emerging market currencies and the strengthening of the dollar, the minister said in a series of tweet.
Fri, Dec 23, 2016
Forex dealers said that besides selling of the American unit by exporters, the dollar's weakness against some currencies overseas supported the rupee but a lower opening of the domestic equity market restricted the gains.
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