Foreign Exchanges
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India's Forex Reserves Drop By $7.5 Billion To 681.38 Billion
Prime Minister Narendra Modi has also made multiple public appeals to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year.
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India's Forex Reserves Rise By $6.3 Billion To Nearly 697 Billion
For the week ended May 8, foreign currency assets, a major component of the reserves, increased by USD 562 million to USD 552.387 billion, the central bank's data showed.
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Centre Raises Gold, Silver Import Tariffs To 15% Amid PM's Forex Warning
The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%.
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PM Modi Asks Indians To Skip Foreign Trips, How Travel And Hospitality Industry Is Reacting
Every international trip and destination wedding by Indian travellers involves spending foreign currency on flights, accommodation, shopping and more.
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Probe Agency ED Raids Kerala Trust Over Rs 220 Crore Foreign Funds
The Directorate of Enforcement (ED), Kochi Zonal Office, conducted search operations on July 31, at two locations in Kasaragod, Kerala, under the provisions of the Foreign Exchange Management Act (FEMA), 1999.
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India Generated $143 Million Launching Foreign Satellites Since 2015
India generated foreign exchange revenue worth USD 143 million through launching foreign satellites during the period from 2015 to 2024, Union Minister of State (Independent Charge), Jitendra Singh, who looks after space sector, informed Lok Sabha.
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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
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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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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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Mahua Moitra Alleges Info Leaked To Media, Court To Hear Petition Tomorrow
The Delhi High Court said on Thursday it will pass an order on February 23 on TMC leader Mahua Moitra's plea against the alleged leak of "confidential" information to the media by the Enforcement Directorate in a probe against her.
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Mahua Moitra Skips Probe Agency Summons In Foreign Exchange Violation Case
Trinamool Congress (TMC) leader Mahua Moitra on Monday skipped the Directorate of Enforcement (ED)'s summons issued against her last week in connection with irregularities in a foreign exchange contravention case.
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India's Forex Reserves Surges Past USD 600 Billion Mark After Nearly 4 Months
India's foreign exchange reserves increased to USD 604 billion as on December 1, surpassing the USD 600 billion mark after a gap of about four months.
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Scientists From China And Sri Lanka Conduct Joint "Marine Scientific" Research Onboard Chinese Vessel
According to sources, Sri Lanka was delaying granting permission for the arrival of the vessel due to concerns raised by India. However, there is no official confirmation of the same.
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ED Seizes Rs. 8.26 Crore in Case Against Pigeon Education Technology, Alleges Firm Is Chinese-Owned
The Enforcement Directorate (ED) has seized Rs 8.26 crore in a case against Pigeon Education Technology India Private Limited under provisions of the Foreign Exchange Management Act (FEMA), 1999, according to an official statement issued on Friday. In its statement, the ED said that an investigation found that the company was owned by Chinese nati...
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Pak Currency Plunges To 262 Against Dollar Amid IMF Aid Uncertainty
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6.
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India's Forex Reserves Drop By $7.5 Billion To 681.38 Billion
Prime Minister Narendra Modi has also made multiple public appeals to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year.
-
India's Forex Reserves Rise By $6.3 Billion To Nearly 697 Billion
For the week ended May 8, foreign currency assets, a major component of the reserves, increased by USD 562 million to USD 552.387 billion, the central bank's data showed.
-
Centre Raises Gold, Silver Import Tariffs To 15% Amid PM's Forex Warning
The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%.
-
PM Modi Asks Indians To Skip Foreign Trips, How Travel And Hospitality Industry Is Reacting
Every international trip and destination wedding by Indian travellers involves spending foreign currency on flights, accommodation, shopping and more.
-
Probe Agency ED Raids Kerala Trust Over Rs 220 Crore Foreign Funds
The Directorate of Enforcement (ED), Kochi Zonal Office, conducted search operations on July 31, at two locations in Kasaragod, Kerala, under the provisions of the Foreign Exchange Management Act (FEMA), 1999.
-
India Generated $143 Million Launching Foreign Satellites Since 2015
India generated foreign exchange revenue worth USD 143 million through launching foreign satellites during the period from 2015 to 2024, Union Minister of State (Independent Charge), Jitendra Singh, who looks after space sector, informed Lok Sabha.
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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
-
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.
-
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).
-
Mahua Moitra Alleges Info Leaked To Media, Court To Hear Petition Tomorrow
The Delhi High Court said on Thursday it will pass an order on February 23 on TMC leader Mahua Moitra's plea against the alleged leak of "confidential" information to the media by the Enforcement Directorate in a probe against her.
-
Mahua Moitra Skips Probe Agency Summons In Foreign Exchange Violation Case
Trinamool Congress (TMC) leader Mahua Moitra on Monday skipped the Directorate of Enforcement (ED)'s summons issued against her last week in connection with irregularities in a foreign exchange contravention case.
-
India's Forex Reserves Surges Past USD 600 Billion Mark After Nearly 4 Months
India's foreign exchange reserves increased to USD 604 billion as on December 1, surpassing the USD 600 billion mark after a gap of about four months.
-
Scientists From China And Sri Lanka Conduct Joint "Marine Scientific" Research Onboard Chinese Vessel
According to sources, Sri Lanka was delaying granting permission for the arrival of the vessel due to concerns raised by India. However, there is no official confirmation of the same.
-
ED Seizes Rs. 8.26 Crore in Case Against Pigeon Education Technology, Alleges Firm Is Chinese-Owned
The Enforcement Directorate (ED) has seized Rs 8.26 crore in a case against Pigeon Education Technology India Private Limited under provisions of the Foreign Exchange Management Act (FEMA), 1999, according to an official statement issued on Friday. In its statement, the ED said that an investigation found that the company was owned by Chinese nati...
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Pak Currency Plunges To 262 Against Dollar Amid IMF Aid Uncertainty
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6.
