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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
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RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.
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RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
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RBI Sold Net $3.6 Billion In Spot Forex Market In April
The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.
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Foreign Banks Bought Nearly $1 Billion Of Indian Bonds On Thursday: Report
Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from Clearing Corp of India showed.
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Explained: Why RBI Keeps Gold Reserves In Foreign Vaults
The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.
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Kotak Mahindra Bank Down By 12% As Markets Decline In Early Trade
Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.
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At USD 642.29 Billion, India's Foreign Exchange Reserves Hit All-Time High
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI).
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Enforcement Directorate Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank
An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
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Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
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What Trade Body Chief Said About "Rupee Becoming A Global Currency"
When asked about the trading INR by foreign countries in FTP 2023, he said that the special Vostro accounts have been opened in 18 countries after getting the approval of the RBI and the Central Bank of that country.Â
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Indians Spending Nearly 1 Billion Dollars Per Month On Foreign Travel: RBI
Indians are spending nearly USD 1 billion every month on foreign travel which is significantly more than the pre-Covid levels, reveals Reserve Bank data on outward remittances.
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RBI Permits Use of Mobile-Based UPI Payments for Travellers From G20 Nations
The Reserve Bank on Friday issued instructions permitting travellers from G20 nations to use the mobile-based Unified Payments Interface (UPI) to make payments while in India. On Wednesday, the RBI had made an announcement regarding allowing access to UPI to foreign nationals and NRIs visiting India.
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ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
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India Won't Face Crisis Like Lanka, RBI Did A Good Job: Raghuram Rajan
The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
-
RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.
-
RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
-
RBI Sold Net $3.6 Billion In Spot Forex Market In April
The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.
-
Foreign Banks Bought Nearly $1 Billion Of Indian Bonds On Thursday: Report
Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from Clearing Corp of India showed.
-
Explained: Why RBI Keeps Gold Reserves In Foreign Vaults
The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.
-
Kotak Mahindra Bank Down By 12% As Markets Decline In Early Trade
Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.
-
At USD 642.29 Billion, India's Foreign Exchange Reserves Hit All-Time High
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI).
-
Enforcement Directorate Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank
An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
-
Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
-
What Trade Body Chief Said About "Rupee Becoming A Global Currency"
When asked about the trading INR by foreign countries in FTP 2023, he said that the special Vostro accounts have been opened in 18 countries after getting the approval of the RBI and the Central Bank of that country.Â
-
Indians Spending Nearly 1 Billion Dollars Per Month On Foreign Travel: RBI
Indians are spending nearly USD 1 billion every month on foreign travel which is significantly more than the pre-Covid levels, reveals Reserve Bank data on outward remittances.
-
RBI Permits Use of Mobile-Based UPI Payments for Travellers From G20 Nations
The Reserve Bank on Friday issued instructions permitting travellers from G20 nations to use the mobile-based Unified Payments Interface (UPI) to make payments while in India. On Wednesday, the RBI had made an announcement regarding allowing access to UPI to foreign nationals and NRIs visiting India.
-
ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
-
India Won't Face Crisis Like Lanka, RBI Did A Good Job: Raghuram Rajan
The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
