Foreign Currency

Rupee Forecast To Gain Nearly 2% In A Year From Recent Low: Poll

Business | Thomson Reuters | Wednesday August 7, 2019

Rising political risk after the government revoked the special status of Kashmir knocked the rupee on Tuesday, pushing it to a five-month low of near 71 per dollar.

Bond Yields Fall As Nirmala Sitharaman Backs Rate Cuts

Business | Thomson Reuters | Monday July 29, 2019

Bond yields had risen sharply last week on news reports that the PMO was reassessing the idea of issuing foreign currency overseas sovereign bonds.

In Top Bureaucrat's Transfer, Link Seen To Sovereign Bond Plan: 10 Points

Business | NDTV Profit Team | Friday July 26, 2019

The Prime Minister's Office (PMO) wants the Ministry of Finance to reassess the idea of issuing foreign currency overseas sovereign bonds and seek wider consultation from stakeholders, news agency Reuters reported on Thursday quoting sources. The government's plan to issue such bonds, announced by Finance Minister Nirmala Sitharaman in her budget s...

Suzlon Defaults On Bond Payment, In Talks To Sell Stake: Report

Business | Thomson Reuters | Tuesday July 16, 2019

The company said it had not paid $172 million on an outstanding foreign currency convertible bond (FCCB) that was due on Tuesday

Pak PM Imran Khan Has Assets Worth Over 10 Crore, Also Owns 4 Goats

World News | Press Trust of India | Tuesday July 2, 2019

Pakistan Prime Minister Imran Khan has assets worth Rs 10.8 crore, operates three foreign currency accounts and owns four goats, the election commission said on Tuesday.

10-Lakh Worth Foreign Notes Found Inside Mobile Chargers In Mumbai Airport

Mumbai News | ANI | Monday July 1, 2019

A man was arrested at Mumbai's Chhatrapati Shivaji Maharaj International Airport after Central Industrial Security Force (CISF) confiscated foreign currency worth over Rs 10 lakh concealed inside two dummy mobile chargers from the passenger.

Sudan Probing Bashir After Large Sums Of Cash Found At Home: Source

World News | Reuters | Sunday April 21, 2019

Sudan's public prosecutor has begun investigating ousted President Omar al-Bashir on charges of money laundering and possession of large sums of foreign currency without legal grounds, a judicial source said on Saturday.

7 Bangladeshi Nationals Arrested With Over $700,000 At Kolkata Airport

Kolkata News | Press Trust of India | Wednesday April 10, 2019

Seven Bangladeshi nationals were apprehended at the Kolkata airport on Tuesday for carrying over $700,000 in cash allegedly without any document, officials said.

Cash Strapped Pakistan Receives $2.2 Billion From China

World News | Press Trust of India | Monday March 25, 2019

China on Monday pumped-in USD 2.2 billion to cash-strapped Pakistan to shore up its close ally's foreign currency reserves and help avert a possible default on external debt payments.

Cricket Betting Racket Busted, Jewellery, Cash Worth Over 2.5 Crores Seized In Delhi

Delhi News | ANI | Thursday March 21, 2019

The Income Tax (I-T) Department on Wednesday conducted searches in Delhi's Punjabi Bagh area and busted a racket of cricket betting and hawala operations and seized jewellery worth Rs 1.8 crore, undisclosed cash Rs 95 lakh and foreign currencies worth Rs 14 lakh.

Probe Agency Seizes Foreign, Indian Notes Worth Rs 1.83 Crore In Jaipur

Jaipur News | Press Trust of India | Friday March 15, 2019

The Enforcement Directorate (ED) on Friday said it has busted an illegal foreign currency transaction racket with the seizure of Indian and foreign currencies worth Rs 1.83 crore from a Jaipur-based currency operator.

Father, Son Arrested With Foreign Currency Worth Rs 68 Lakh At Delhi Airport

Delhi News | Press Trust of India | Wednesday February 27, 2019

A father and son were arrested by customs officials for allegedly trying to smuggle out foreign currency worth Rs 68 lakh at Delhi airport, an official statement said on Wednesday.

SBI Savings Accounts For Non-Residents: Minimum Balance, Eligibility And Other Details

Business | NDTV Profit Team | Tuesday February 26, 2019

State Bank of India offers three types of accounts to NRIs: Non Resident Ordinary (NRO) account, Non Resident External (NRE) account and Foreign Currency Non-Repatriable (Bank) FCNR (B) account.

Probe Agency Raids 6 Locations Over IL&FS Crisis

India News | Press Trust of India | Thursday February 21, 2019

The Enforcement Directorate (ED) Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis and seized foreign currency worth Rs 6 lakh, officials said.

2 Arrested With Foreign Currencies Worth Rs 92.87 Lakh At Delhi Airport

Delhi News | Indo-Asian News Service | Saturday February 9, 2019

A 67-year-old woman and a man have been apprehended at the Delhi airport for possessing foreign currencies worth over Rs 92 lakh allegedly in an illegal manner, officials said on Saturday.