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Latest Articles in foreign exchange

Foreign Exchange Earnings From Tourism Up By Rs 2,254 Cr In October

Foreign exchange earnings (FEEs) from tourism in October this year registered an increase of Rs 2,254 crore, compared to October 2016, the tourism ministry said today.

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The $400 Billion Question

Does India need such a high level of foreign exchange reserves which, parked in us treasury bonds, earn one per cent annual interest? Two, can the reserves be put to more productive use?

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Rupee Rebounds 18 Paise To End At One-Week High

The rupee opened on a weak note at 65.14 against Tuesday's close of 65.07 at the Interbank Foreign Exchange (Forex) market on the back of heavy dollar demand and drifted further to 65.20

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Indian Economy On A Strong Wicket; Fundamentals Sound: Arun Jaitley

Current account deficit will be less than 2 per cent this year and foreign exchange reserves have crossed $400 billion

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Foreign Exchange From Tourism Rose In Aug '17 As Against Aug '16: Ministry

In January-August 2016, FEEs stood at Rs 99,587 crore, recording a growth of 13.9 per cent over January-August 2015

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Forex Reserve May Cross $400 Billion Mark By First Week Of September

Forex reserves have been rising with a total accretion of $4.389 billion to the kitty since July 14, 2017. It had touched a record high of $393.448 billion after it rose by $581.1 million in the week to August 4, 2017

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Talbros Completes Partial Disinvestment Of Non-Core Materials Business Assets

The total savings expected to accrue from the strategic disinvestment will be in the range of Rs 7-10 million per annum

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FCM Travel Gets RBI License For Foreign Exchange Business

FCM Travel Solutions, Indian subsidiary of Australia based Flight Centre Travel Group, has said it has received license from the Reserve Bank of India for foreign exchange business

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Chinese Yuan, Indian Rupee Forecast To Fall Over Coming Year: Poll

The Chinese yuan and Indian rupee are expected to weaken against the dollar over the coming year, a Reuters poll found, with the greenback supported by US interest rate hikes, though analysts have trimmed their bearish bets on Asian currencies from the previous poll

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Indusind Bank Launches Indusforex.Com For All Foreign Exchange Requirements

The IndusInd Bank has launched IndusForex.com, a one-stop portal for all foreign exchange needs of Indian consumers. With the help of this portal, one can buy multi-currency foreign exchange cards and reload it anytime, anywhere in eight different currencies

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India's Forex Reserves Hit Record High Of $363.83 Billion Amid Market Turmoil

India's foreign exchange reserves hit a record high of $363.83 billion as of the week ended June 17, shoring up the country's defences just as investors brace for continued volatility after Britain voted to leave the European Union

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Bank Of Baroda Case: CBI Searches 10 Locations

Currencies of China, US, Europe, UAE, Nigeria, Hong Kong and Sri Lanka found; documents being scrutinised

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