Page 17 - Foreign Exchange
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")