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RBI urges more caution from banks on curbing unauthorised forex transactions
24 Apr 2024 15:55 GMT
The Reserve Bank of India has called for … of unauthorised entities offering foreign exchange trading facilities to individuals … to facilitate such unauthorized foreign exchange trading, these entities … used to facilitate unauthorised forex trading, they shall …
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RBI issues red alert on illegal entities in forex market
24 Apr 2024 13:13 GMT
… Reserve Bank of India (RBI) on Wednesday issued an alert against unauthorised entities offering foreign exchange (forex … rupees for undertaking unauthorised forex transactions using domestic payment … prior authorisation from the Reserve Bank of India. (IANS)
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India cenbank bought net $8.56 billion in spot forex market in February, bulletin shows
23 Apr 2024 12:58 GMT
MUMBAI (Reuters) – The Reserve Bank of India (RBI) bought $8.56 billion … net basis in the spot foreign exchange market in February, data released …
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India cenbank bought net $8.56bln in spot forex market in February
23 Apr 2024 11:12 GMT
The Reserve Bank of India (RBI) bought $8.56 billion … net basis in the spot foreign exchange market in February, data released …
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Indian forex, bond investors eye Middle East developments, US inflation
22 Apr 2024 02:02 GMT
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS
By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) - India's rupee and government bonds will move this week based on developments in the Middle East crisis as well as a key U.S. inflation gauge that will …
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RBI holds back USD sales in Feb amid pressure on Rs
24 Apr 2024 14:26 GMT
… to build the foreign exchange reserves and to … market participants.
India’s foreign exchange reserves have been hitting … latest data by the Reserve Bank of India showed.
The reserves surged … was intervening in the foreign exchange market both through spot …
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Mumbai: ED Conducts Multi City Search Operations On Illegal Forex Trading App And Website
20 Apr 2024 14:52 GMT
… trading platforms.
“The illegal forex app and website manipulated trade … online forex exchange run by OctaFx India Pvt Ltd without Reserve Bank of India approval … had lured investors to trade in foreign exchange and …
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ED conducts search operations in multiple cities in illegal online forex trading case
20 Apr 2024 11:21 GMT
… the case of illegal online forex trading through the OctaFx … persons in guise of forex trading through the OctaFx … authorised by the Reserve Bank of India (RBI) to deal in forex trading.
The … ED officials said that this forex trading platform is widely …
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Mint Explainer: Illegal forex trading platforms and the RBI's warning
20 Apr 2024 09:53 GMT
Reserve Bank of India (RBI) governor Shaktikanta Das has recently raised concerns over unauthorized forex trading … 75 unauthorized entities involved in forex transactions. Mint explains the reason …
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RBI Extends Deputy Governor T Rabi Sankar's Term By A Year
24 Apr 2024 13:39 GMT
… foreign exchange, currency, and fintech departments at the RBI
New Delhi: The Reserve Bank of India … is in charge of the foreign exchange, currency, and fintech departments at …