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foreign exchange market
FOREIGN EXCHANGE MARKET NEWS
Rupee falls 2 paise to close at 83.05 against US dollar
December 18, 2023 5:44 pm
At the interbank foreign exchange market, the local unit opened strong at 82.97 against the greenback and traded in a range of 82.90-83.06.
Open up the foreign exchange market freely, money will flow in: Mark Mobius
November 06, 2023 9:03 am
Going by return on capital and earnings growth, India is very cheap in terms of valuation… India is the place for long-term growth’
Remittances for overseas studies fall 42% in first 9 months of FY23
February 21, 2023 6:05 pm
Under the LRS, a resident can take out foreign exchange up to $250,000 annually for various purposes like travel, gift, studies abroad, maintenance of relatives, purchase of property, medical treatment and donations.
Biggest in nearly 2 years: Forex reserves fall $9.64 bn on RBI’s Re management
March 20, 2022 7:15 am
Rupee has depreciated against USD amid crude price pressure, FPI outflow
Regulators fine global banks $4.3 bn in forex probe
November 13, 2014 1:32 am
The US Office of the Comptroller of the Currency, which regulates banks, also fined the US lenders $950 million and was the only authority to penalise Bank of America.
Re rallies, RBI buys dollar to stem rise
March 27, 2014 1:37 am
Currency likely to strengthen to 59 level against $.
Global foreign exchange volumes drop in October: BIS survey
December 09, 2013 1:46 am
Despite the drop in volumes,the BIS analysis showed that the cost of trading currencies had dropped
Rajan pegs CAD at 56 billion,says no reason for R decline
November 14, 2013 1:21 am
Rajan said there is no fundamental reason for volatility in the value of the rupee.
Indian rupee rises 32 paise to fresh two-month high of 61.07 to the US dollar
October 11, 2013 6:44 pm
A weak dollar overseas and dollar sales by exporters also supported the Indian rupee.
Indian rupee falls 35 paise to 61.79 against US dollar as stocks decline
October 07, 2013 6:54 pm
The local currency recovered some ground in line with local equities and closed at 61.79.
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