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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 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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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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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 Doesn't Have Problems Like Pakistan, Sri Lanka: What Raghuram Rajan Said
India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
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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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Foreign Media On 'Potentially Catastrophic' Fight At RBI
Central banks are usually pretty boring places, home to technocrats who keep watch on inflation and exchange rates and pride themselves on avoiding public controversy.
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Forex Reserves Reclaim $400 Billion Mark
Forex reserves kitty increases by $1.50 billion as on October 13, 2017, official data shows.
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Rupee Jumps Sharply Against Dollar After Falling To 2-Month Low
Meanwhile, the dollar hovered close to an eight-week high against the yen.
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NRIs Can Deposit Old Rs 500, 1,000 Notes Till June 30
Indians living abroad will be able to exchange old Rs 500 and Rs 1,000 notes at RBI offices till June 30, the External Affairs Ministry announced today.
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No Foreign Exchange Act Action for Disclosure Under Black Money Window: RBI
The Reserve Bank of India today said no action under FEMA will be taken against declarations under one-time black money compliance window, which ends today.
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Why FDI debate in Lok Sabha interlinked to one on FEMA amendments
When Parliament debates the amendments to the Foreign Exchange Management Act (FEMA), it will be taking up five critical changes to the law notified by the Reserve Bank of India (RBI) between May and October this year.
-
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 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.
-
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.
-
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 Doesn't Have Problems Like Pakistan, Sri Lanka: What Raghuram Rajan Said
India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
-
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.
-
Foreign Media On 'Potentially Catastrophic' Fight At RBI
Central banks are usually pretty boring places, home to technocrats who keep watch on inflation and exchange rates and pride themselves on avoiding public controversy.
-
Forex Reserves Reclaim $400 Billion Mark
Forex reserves kitty increases by $1.50 billion as on October 13, 2017, official data shows.
-
Rupee Jumps Sharply Against Dollar After Falling To 2-Month Low
Meanwhile, the dollar hovered close to an eight-week high against the yen.
-
NRIs Can Deposit Old Rs 500, 1,000 Notes Till June 30
Indians living abroad will be able to exchange old Rs 500 and Rs 1,000 notes at RBI offices till June 30, the External Affairs Ministry announced today.
-
No Foreign Exchange Act Action for Disclosure Under Black Money Window: RBI
The Reserve Bank of India today said no action under FEMA will be taken against declarations under one-time black money compliance window, which ends today.
-
Why FDI debate in Lok Sabha interlinked to one on FEMA amendments
When Parliament debates the amendments to the Foreign Exchange Management Act (FEMA), it will be taking up five critical changes to the law notified by the Reserve Bank of India (RBI) between May and October this year.
