Page 14 - Foreign Exchange
India's forex reserves touch life-time high of $462.16 billion: RBI
In the previous week, the reserves had increased by USD 58 million to USD 461.21 billion
Reserve Bank of India buys net $6.93 bn in currency market in November
The Reserve Bank of India (RBI) bought $7.46 billion and sold $530 million in the market in November, it said in the bulletin which was released on Saturday
 "Reserve Bank of India buys net $6.93 bn in currency market in November")
RBI allows banks to offer foreign exchange quotes to users at all times
The central bank has accepted the recommendation
 "RBI allows banks to offer foreign exchange quotes to users at all times")
WTO backs US in trade dispute, says India's export subsidies illegal
The US has also cornered India at the multilateral platform, stating WTO rules prohibit middle-income nations from providing market distorting export subsidies at all
 "WTO backs US in trade dispute, says India's export subsidies illegal")
Why India lost a major trade dispute with US at World Trade Organization
Outbound trade fell by 6.57 per cent in September, to a three-month low with the trade decline plaguing major foreign exchange earners
 "Why India lost a major trade dispute with US at World Trade Organization")
Here's why Japan boasts the world's most powerful force of retail traders
About 85 per cent of traders are men, mostly in their 30s, 40s and 50s, according to estimates from Gaitame
 "Here's why Japan boasts the world's most powerful force of retail traders")
Govt to release norms for forex credit to exporters at affordable rates
Commerce and Industry Minister Piyush Goyal said that the ministry was waiting for Finance Minister Nirmala Sitharaman to take a call on some of the issues on export credit
 "Govt to release norms for forex credit to exporters at affordable rates")
Foreign exchange dealers under lens for large overseas remittances
ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries--Thailand, Dubai, Singapore and Hong Kong
 "Foreign exchange dealers under lens for large overseas remittances")
Forex reserves slip below $430-bn-mark, down by $1.45 bn: RBI Report
In the previous week, the reserves had marginally slipped by $ 70.8 million to $ 430.501 billion but still remained above the $ 430 billion-mark
 "Forex reserves slip below $430-bn-mark, down by $1.45 bn: RBI Report")
India's dollar buyer likely to step back as capital inflows drop
Still, dipping into RBI's reserves to sell dollars will be easier said than done
 "India's dollar buyer likely to step back as capital inflows drop")
Foreign exchange traders do $100-million deals on their mobile phones
The world's biggest financial market is embracing the iPhone era as investors find new ways to work when they're not on the trading floor
 "Foreign exchange traders do $100-million deals on their mobile phones")
Foreign exchange earnings from tourism surge to Rs 2,254 cr in October
The growth rate in FEEs in terms of rupees in October, 2017 over October, 2016 has increased to 18.6%
 "Foreign exchange earnings from tourism surge to Rs 2,254 cr in October")
Foreign exchange earnings from tourism surge to Rs 13,922 cr in Aug '17
There was a 10.9 per cent growth in FEEs in rupee terms in August 2017 over August 2016
 "Foreign exchange earnings from tourism surge to Rs 13,922 cr in Aug '17")
Forex reserve at record high of $365.82 billion
Foreign currency assets (FCAs), a major component of the overall reserves, increased by $81.6 million to $340.36 billion
 "Forex reserve at record high of $365.82 billion")
