75 unauthorised forex dealerships on RBI’s alert list
The Reserve Bank of India (RBI) has observed cases where unlicensed businesses have promised Indian citizens excessive or unbelievable profits…
NRIs park more forex in India on yields, safe house appeal
Synopsis Fresh inflows under FCNR(B) which eliminates currency risk for NRIs, touched $2 billion in April-October, compared with an outflow…
20% TCS on forex txns under LRS: Gvt’s concerns FAQs
Synopsis The Ministry of Finance has issued Frequently Asked Questions regarding Tax Collection at Source (TCS) on foreign remittance through…
Indias forex reserve falls by $691 mn, 2nd successive week of decrease – Business Standard
India's forex reserves dropped by USD 691 million to USD 562.808 billion as of December 23, making it the second…