Tag Archives: banks
Sri Lanka has trimmed the level of foreign exchange banks can keep overnight for trading to around a third of an earlier level, a day after curbs was placed in the forward market. The rupee gained to 119.00/120.00 against the …
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China’s FX regulator the State Administration of Foreign Exchange (SAFE)announced that Chinese banks’ foreign exchange surplus from bank-to-client transactions reached $43.2 billion in July. In July, institutional and individual clients sold $136.1 billion in foreign exchange to banks while purchasing …
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India was always a very difficult market to deal with and forex is highly restricted there. It seems that several high profiled banks such as Citi and HSBC have allegedly tried to circumvent the rules but are now facing major …
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