BASIC FOREX
Slow outflows, sure, but inflows? That’s RBI’s real challenge
RBI is currently dealing with substantial capital outflows and currency devaluation pressures in the economy. Recent market operations indicate underlying issues despite maintaining a 7.8 percent growth rate. The ineffective measures may not resolve the fundamental demand stemming from trade concerns. Foreign direct investment needs to focus on long-term capital and technology rather than short-term financial inflows.
From kirana to currency: Small towns are scrambling for dollars
Small towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle choices among their residents. Consumers from these areas are increasingly spending on international travel and education. This trend reflects a significant evolution in India's domestic consumption patterns. The financialization and digital adoption in these towns are also growing rapidly.
Budget 2023: Assocham seeks reduction in basic customs duty on critical raw materials for aluminium sector
The industry body has sought reduction of basic customs duty on calcined petroleum coke, caustic soda lye and green anode/pre-baked carbon anode from 7.5 per cent to 2.5 per cent and on raw petroleum coke from 10 per cent to 2.5 per cent, among others.
Learn why Binomo is better than Forex?
Binomo maintains a high level of security on the platform, as there are many scammers that traders can rest assured that both their data and money are safe.
View: Trusting private parties with forex reserves is like putting a fox to guard the chickens
Early June, reserves touched a record high of $608 billion, making India the world’s fifth-largest reserve-holding country. By any yardstick, we’ve come a long way from March 1991, when we were scraping the bottom of the barrel with reserves of $5.8 billion, enough to last for just three weeks’ imports.
China says it will crack down on bitcoin mining, trading activities
China will crackdown on bitcoin mining and trading activities in its bid to fend off financial risks, the Financial Stability and Development Committee said on Friday.
Who moves my rupee or dollar? Check out the movers & shakers
One key to capturing the forex moves lies in one basic principles – how growth differential drives inflation differential, which finally moves interest rate differential, which is the ultimate reason for exchange rate movement.
Fintech firm RapiPay catches investors' eye, gets Rs 65 crore
The startup, backed by MSME lender Capital India Finance, has attracted most of the funds in its latest round from investors with a non-finance background.
6 insurance covers you can get on your forex card while travelling abroad
If you miss or fail to take a connecting international flight of an international airline due to delay in the arrival of another international flight, then you can claim the cost of buying a new ticket through insurance on the forex card.
What is Forex Trading?
The term ‘Forex’ stands for Foreign Exchange. Forex trading in simple terms is the trading in currencies from different countries against each other; for example the US Dollar against the Euro.
Rupee should return to 56.20-56.30 levels by second half of June: KN Dey, Basics Forex
We may see the rupee returning back towards 56.20-56.30 levels by the second half of June.
Auditors raise doubts over 'going concern' concept during slump
The growing complexities in companies’ balance sheets due to the global economic crisis and foreign exchange volatility have triggered a debate over one of the basic premises of financial accounting - every company is a ‘going concern’ that will not go out of business or liquidate in the foreseeable future.
Swinging Re adds to woes of slowdown-hit exporters
Even as they struggle to beat the spectre of a massive business slowdown, Indian exporters have been stumped by the high volatility in the rupee
Swinging Re adds to woes of slowdown-hit exporters
Even as they struggle to beat the spectre of a massive business slowdown, Indian exporters have been stumped by the high volatility in the rupee
RBI releases report on reasonableness of bank charges
For basic charges rendered to individuals, the Group has recommended that banks will levy charge as per the value of the transaction (ad valorem) but it will be subject to a cap.
More to the govt party
No prizes for guessing that more services will be brought under the tax net. But those who earn in forex may be in for a surprise as FM prepares to end their free ride.
A patch of green makes for soft landing
The country's fiscal managers led by the Planning Commission may well be pushing the case for utilising the burgeoning foreign exchange reserves better, but those in charge of monetary policy at Mint Street are far from convinced.
Forex remittance limit raised to $100,000
Emboldened by the surge in dollar inflows and a strengthening rupee, the Reserve Bank of India has raised the foreign currency limit on remittances for education, employment abroad, emigration, and maintenance of overseas relatives to $100,000.
You may get to own MS shares soon!
The day when you can own shares in Microsoft or WalMart may not be too far away. At least, that's the feeling one would seem to get looking at the pace at which the Reserve Bank of India (RBI) has been relaxing foreign exchange regulations.
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