Page 2 Foreign Exchange: Latest News and Updates, Top Stories, Videos, Photos About Foreign Exchange

Few Ways To Reduce Your Currency Exchange Conversion Charges

Heading to a foreign destination and need to get the foreign currency conversion done! Whether you know it or not, the currency conversion amounts to a substantial cost in your overall trip, so it is advised to engage in a bit ...

India, Switzerland Taken Off From US Watchlist On Currency Practices

The Trump government has now taken off India and Switzerland from its watchlist on currency practices. Nine nations were part of the list as they met some of its criteria. The US Treasury Department in its semi-annual foreign exchange report to ...

Home, Car Loans To Likely Get Cheaper Due To RBI's Dollar Swap Deal

To expedite rate transmission for the end consumer to be very much in line with the policy rates, the apex bank in its latest move has decided to pump in $5 billion via the foreign exchange reserve swap. The decision on ...

Indians Sent Record Remittance Overseas In January: Know How Much?

As per an RBI data, outward or outbound remittances by Indians for the January month scaled to a new high of $1.2 billion. On a cumulative basis, for the first 10 months of the current FY, the outflows totaled to $8.17 ...

India Foreign Exchange Enough To Cushion Against Any Vulnerability: DBS

In the September month, Indian foreign exchange touched a whopping mark of US$402.5 billion which as per the Development Bank of Singapore is good enough to combat any external vulnerabilities. In a report on Indian bank, the financial services major ...

International Travel To Get Expensive Under GST

Under the new GST tax regime the rates have been lowered to 5% in comparison to the earlier regime that entailed a service tax of 9% on tour operators, however as tour operators and travel agencies are not allowed input tax ...

5 Things To Consider Before Exchanging Foreign Currency

Foreign exchange is nothing but exchanging of currency one with another. This situation may arise due to various reasons like traveling abroad, studies, etc. Or, individuals staying abroad transferring money to their family. According to Foreign Exchange Management Act, 2000, you ...

Forex Reserves Up By USD 917.5 Million to 352.474 Billion

Country's foreign exchange reserves rose by USD 917.5 million to touch USD 352.474 billion in the week to May 29, helped by surge in foreign currency assets, according to RBI data. In the previous week, the reserves had declined by ...

Foreign Exchange Reserves Touch New High at USD 341.4 Billion

The foreign exchange reserves continued their upward momentum and scaled a new life time high at $341.378 billion, rising by $1.386 billion for the week ended March 27, the Reserve Bank data showed on Friday. The continuing rally is being ...

How Much Foreign Exchange NRIs Returning to India Can Bring?

It's extremely important for NRIs as well as Indians travelling on a short duration visit abroad to understand the amount of currency that they are permitted to bring into India. An NRI coming into India from abroad can bring foreign ...

Rupee gains 21 paise to 60.45 against the US dollar

The rupee gained 21 paise to 60.45 against the US dollar in early trade at the Interbank Foreign Exchange market today amid sustained overseas capital inflows. Increased selling of the American currency by banks and exporters amid sustained inflows of ...

How much foreign exchange can you send abroad as gift or donation from India?

A person residing in India can send foreign currency either as gift or as donation from India to relatives or organisations abroad. The limit of foreign currency one can send to someone outside India is capped at USD 125,000 in one ...

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