Tag Archives: RBI
The Reserve Bank of India has granted QFI’s permission to hedge currency risk resulting from their investment in India’s equity and debt markets. Since the global economic crisis Indian equity markets have suffered, the government recently went on a tour to …
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The Reserve Bank of India has had a tough 12 months as the worlds 11th largest economy has had its currency weaken by 12% hitting new high never seen before. The export economy is driven by India trading with America …
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India’s troubled currency sees no light at the end of the tunnel as the currency continues to hit new bottoms. The INR was trading at record lows yesterday and closed at 55.03 (down 1.1%) against the greenback. Thus, the central …
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India’s central bank is looking to re-address the daily limits it applied on intra-day position limits. The Indian Rupee has been trading on all time highs in December after inflation and speculation on the BRIC currency. “Within the overarching prerequisite …
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India’s finanial crime unit have raided the residence of a senior police official in connection with the multi-crore (million) Pazee Forex Trading case scam. CBI sleuths raided the residence of Pramod Kumar, Inspector General of Police (Armed) at the SAF …
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The Indian rupee fell victim to inflation and economic concerns, and there was serious worry for the BRIC economy facing major financial crisis, the rupee slumped to record a low of 54.29 against the dollar (Dec 2011). Thus the central bank …
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India’s central bank has warned foreign banks trading in the Indian Rupee and causing market turmoil as the rupee hits new lows amid foreign banks speculative trading. The rupee has depreciated in the BRIC nation as inflation and interest rates are hurting the economy.
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India’s central bank has put restrictions on Indian Rupee Forward contracts after the rupee has plunged in to record lows against the greenback.
RBI has tried to allow free market mechanics govern the market in tis bid to reduce capital controls. The RBI found that the rupee was being misused by exporters who were booking forwards then cancelling and booking them at a better exchange rate.
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India’s central bank has decided to set up a special panel to review current forex regulations for inward and outward transactions from India. Margin Forex traders were hit hard when RBI made clear statements about the eligibility of Forex as …
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It’s no secret that retail forex trading is quite popular in India although, like in China, it is also illegal. Online spot trading is permitted only at a handful of brokers and currencies but this doesn’t bother foreign brokers from …
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