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Latest Articles in foreign exchange

Singapore Exchange To Pay $128 Mln To Fully Acquire FX Trading Platform

SGX said it was acquiring independent index provider Scientific Beta Pte Ltd for 186 million euros ($209 million) in its biggest deal to date.

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Impact Of COVID-19 On The Indian Apparel & Textile Industry

The Indian economy has been hit hard by COVID-19. Due to the countrywide lockdown various transport facilities including trains and flights are suspended

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India Says IMF Liquidity Boost May Have Costly Side Effects

Nirmala Sitharaman said in a statement to the IMF's steering committee that she also was concerned that such a major liquidity injection could produce potentially costly side-effects

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Rupee Gains 7 Paise Amid Easing Oil Prices

At the interbank foreign exchange market, the rupee opened marginally lower at 71.25.

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Rupee Strengthens 22 Paise As US, Iran Seek To Defuse Crisis

At the interbank foreign exchange market, the rupee opened strong at 71.44 against the greenback.

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Rupee Tanks 24 Paise Against Dollar In Early Trade On Rising Crude Price

Forex traders said crude oil prices surged after US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani.

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First Export Preparedness Index To Rank States, UTs Likely In January 2020

Promoting exports helps a country to create jobs, boost manufacturing and earn more foreign exchange.

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Forex Reserves Up By $1.3 Billion To $401.79 Billion

In the previous week, forex reserves had risen by $1.207 billion to $400.489 billion. In the reporting week, foreign currency assets increased by $1.257 billion to $377.412 billion, as per RBI data.

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RBI Net Buys $852 Million Of US Currency In October

Reserve Bank bought $1.910 billion, while it sold $1.058 billion of the US currency in the spot market

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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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