Page 15 - Forex

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

We have put in more than a billion dollars, says Ebix Group CEO Robin Raina

'I have a 26 per cent stake in the parent company, Ebix Inc. The new agreement says I will get to keep this irrespective of whether I stay on, get fired, or leave,' says Robin Raina

RBI blames banks for sluggish implementation of FX-Retail platform

Has only 1,100 customers and a volume of less than $1 million a day; RBI wants banks to implement the service by March

24x7 Forex market ops: Some NDF volume to move onshore, say experts

The cause for concern for the RBI in this regard is that it has no control over the NDF market, whereas, the onshore market is under direct supervision of the regulator

Forex scam: ED summons Edelweiss CEO; company denies any link to Capstone

The case pertains to violation of foreign exchange norms in transactions involving Mumbai-based Capstone Forex Private Limited

After swelling, India's forex reserves climb $456 mn to record $455 bn

During the reporting week, gold reserves increased by USD 164 million to USD 27.132 billion

Forex reserves soar $2.3 bn to touch all-time high of $453 bn: RBI data

During the reporting week, gold reserves increased by $ 430 million to $ 27.078 billion

Who will be BJP's Mahalanobis?

P C Mahalanobis was the econometrician-economist who guided Jawaharlal Nehru's economic thinking

India's foreign exchange reserves at new life-time high of $430.57 bn

The country's gold reserves surged by $1.591 billion to $26.754 billion

Hobson's choice before the Reserve Bank...

... between a harder forward premium and a sharp decline in the domestic rates

Trading on overseas online forex platforms illegal, punishable under FEMA

In India, you can only bet on currency derivatives via a stock exchange broker

Retail customers can save big on forex costs soon, thanks to the RBI

For now, the facility will be available only for dollars, but more currencies will be introduced later

Barclays, Citi, HSBC and four other banks face fines for forex rigging

In contrast, Credit Suisse, which has previously said it did not find any evidence of misconduct, is fighting the EU antitrust charge

Forex reserves decline by $739 million to $414.14 billion, shows RBI data

In the previous week, the reserves had increased by $ 1.105 billion to touch $ 414.886 billion

It's raining forex in Indian economy with equity, bond deals in pipeline

Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors

India's foreign exchange reserves decline by $613.9 mn to $393.12 bn

The country's reserve position with the IMF also decline by $12.5 million to $2.617 billion

India's foreign exchange reserves up by $568.9 mn during November: RBI data

RBI's weekly data showed that the value of the country's gold reserves increased by 73 million to $20.96 billion

Forex brokerage firms are staring into an abyss, fighting to survive

 Today, the number of forex brokerage firms stand at about 15 - down from 40 five years ago and from 125 in 1998

Globally, firms saw lower earnings due to 'avoidable' forex risk: Report

Globally, a majority of Chief Financial Officers (CFOs) say their company suffered reduced earnings in the last two years due to "avoidable and unhedged" forex risk, according to HSBC report. According to a global survey of 200 CFOs and nearly 300 treasurers, conducted by HSBC and FT Remark, 70 per cent of CFOs said their company experienced lower earnings due to avoidable and unhedged forex risk. Besides, more than half of all CFOs believe forex is a risk their company is least well-placed to deal with. These concerns mainly reflect the increasing volatility in currencies amid an uncertain macro-economic and geo-political outlook. "The survey shows the importance of corporates having robust risk management frameworks in place given the financial risks of not getting it right, especially in an increasingly uncertain world," said Frederic Boillereau, Head of Global Forex & Commodities at HSBC. The report further noted that digitalisation of treasury functions is seen as one trend .

Forex, G-sec buying to be made easier for retail clients

Banks would be allowed to charge customers a 'pre-agreed flat fee' towards administrative expenses