foreign exchange
FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.
Exports to rebound in 2020 but growth to remain subdued
28 Dec 2019 12:37 PM

Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.

The apex bank has also allowed rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs). (Photo: AFP)
Banks can quote forex rates round the clock
05 Oct 2019 12:49 AM

The directions for implementing recommendations will be issued in consultation with the central government and other regulators: RBI

This thirst for overseas funds explains why China has been opening its financial services industry, allowing global investment banks to take majority control of their local brokerage joint ventures after years of resistance.
China is throwing open its market door. Be wary
11 Sep 2019 1:49 AM

Global funds no longer need quotas to buy Chinese stocks and bonds.

The rupee on Tuesday closed at its lowest level in past six months on weak global risk sentiments as turmoil in Hong Kong and Argentina and US-China trade tensions spooked investors. (Representational image)
Re plunges 62 paise, may weaken more
14 Aug 2019 4:16 AM

At the interbank foreign exchange, the rupee opened at 71.15 against the dollar and touched a high of 71.02 and low of 71.40.

RBI had set up a task force to suggest policy and regulatory interventions required for development of secondary market in corporate loans.
RBI report on secondary market for corporate loans likely by next month
28 Jul 2019 1:25 PM

RBI is also likely to release another report on housing finance securitisation by August-end.

The CAD, which is the net of foreign exchange inflows and outflows, had stood at USD 48.7 billion in FY18.
Current account deficit inches up to 2.1 pc but more than halves in Q4
28 Jun 2019 7:06 PM

Overall trade performance was prime influencer for both contraction in CAD for March quarter as well as a widening for the full year.

Tobacco contributes a major percentage of the total value of commercial crops in India generating huge socio- economic benefits in terms of agricultural employment, farm incomes, revenue generation and foreign exchange earnings. (Photo: File)
Rs 11.79 lakh cr Indian tobacco sector employs 4.5 cr people: Study
05 Jun 2019 5:56 PM

India is a leading tobacco exporter with exports of leaf tobacco and tobacco products contributing Rs 6,000 crore annually.

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