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Latest Articles in forex
Rupee Tumbles By 20 Paise To 67.94 On Strong Dollar
Sustained greenback buying by banks and importers amid a continued pullout of capital by foreign funds predominantly weighed on the domestic currency
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Rupee Trims Gains, Still Up 3 Paise In Late Deals
The currency opened higher by 6 paise at 67.68 per dollar as against Tuesday's level of 67.74 at the inter-bank foreign exchange market
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Malaysia Demands Foreign Banks Commit To Stop Offshore Ringgit Trading
The letter also asks financial institutions to provide a detailed plan to the central bank of its needs to make ringgit transactions onshore
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Demonetisation: Gulf NRIs Worried About Money Exchange
The currency demonetisation poses problems for non-resident Indians who have accumulated cash in rupees in India; many worried about exchange rates
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Rupee Tumbles 20 Paise On Dollar Purchases, Capital Outflows
A rally in domestic stocks alongside fading Fed rate hike prospects failed to arrest the rupee fall, a forex trader said
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Indian Diaspora Caught Out By Surprise Currency Clampdown
In Hong Kong's Chungking Mansions, home to more than a dozen money changers and a key hub for Indian businesses and traders, the Indian rupee found no takers
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RBI Issues Guidelines For Forex Hedging By Foreign Companies
The central bank says profits and losses arising from hedging transactions in India must be reflected in the books of the domestic subsidiaries of multinational companies
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Rupee Falls On Report Of Ministry's Call For Weaker Currency; Finance Ministry Denies
The rupee has been one of worst performers in Asia so far this year on subdued dollar inflows and persistent RBI intervention to bolster forex reserves
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Rupee Loses 7 Paise Against Dollar In Early Trade
Forex dealers said fresh demand for the US currency from importers and a lower opening in the domestic equity market put pressure on the rupee
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Forex Reserves Dip $392.6 Million To $366.77 Billion
Last week, the reserves had increased by a healthy $1.346 billion to touch a record high of $367.169 billion
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Tata Motors Q1 Net Profit Halves On Forex Loss Post-Brexit Vote
The company said consolidated net profit for the quarter fell to Rs 2,236 crore compared with Rs 5,231 crore in the year-ago quarter
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RBI Won't Let Foreign Deposit Redemptions To Disrupt Market: Rajan
When the rupee had a freefall due to the 'taper tantrums' in the summer of 2013, India had mobilised $26 billion through foreign currency non-resident bank account deposits
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Finance: Death Of Forex Brokerages
Old world forex brokerages continue to live in a time warp. Many may wither away if they don’t get their house in order
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Foreign Exchange Reserves Slide $3 Billion Amid Brexit Turmoil
The country's foreign exchange reserves declined by $3.03 billion to $360.79 billion for the week ended June 24 amid volatility in the currency market after Brexit referendum in the UK
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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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