Currency Exchange

Showing of 1 - 20 from 12 results
Currency Exchange - Total results - 12
Reserve Bank of India continues to remain net seller of dollar; sells $6.184 billion of US currency in June
Business

Reserve Bank of India continues to remain net seller of dollar; sells $6.184 billion of US currency in June

RBI maintains that its intervention in the foreign exchange market is to curb volatility in the rupee and not to target a level of the domestic currency.

IMF lowers growth rate for India to 7.3% in 2018, 7.5% in 2019, but it still retains world's top spot
Business

IMF lowers growth rate for India to 7.3% in 2018, 7.5% in 2019, but it still retains world's top spot

India continues to outperform China, IMF's WEO update figures reflect. Growth in China is projected to moderate from 6.9 percent in 2017 to 6.6 percent in 2018 and 6.4 percent in 2019, as regulatory tightening of the financial sector takes hold and external demand softens, the report said.

IMF sees India growing ahead of China for 2 years; retains 7.2% GDP for FY18
Business

IMF sees India growing ahead of China for 2 years; retains 7.2% GDP for FY18

Inflation in advanced economies remains subdued and generally below target

Demonetisation strains: IMF sees India's GDP slowing to 6.6% in FY17, bouncing back to 7.2% in FY18
Business

Demonetisation strains: IMF sees India's GDP slowing to 6.6% in FY17, bouncing back to 7.2% in FY18

Post-8 November, cash shortages and payment disruptions caused by the currency exchange initiative have undermined consumption and business activity, posing a new challenge to sustaining the growth momentum, the IMF said in its annual country report on India.

Demonetisation: Bank officers union calls for Urjit Patel's resignation; focus on RBI's role
India

Demonetisation: Bank officers union calls for Urjit Patel's resignation; focus on RBI's role

The debate is now on Urjit Patel's role as the RBI governor in the demonetisation

Demonetisation: Govt eases restrictions on farmers, allows withdrawal up to Rs 50,000 per week
India

Demonetisation: Govt eases restrictions on farmers, allows withdrawal up to Rs 50,000 per week

With cash crunch following demonetisation impacting agri sector, the government on Thursday eased guidelines for farmers by allowing them to withdraw up to Rs 50,000 cash per week from bank.

Demonetisation: Exchange limit cut to Rs 2,000 from Friday, more steps for farmers
Politics

Demonetisation: Exchange limit cut to Rs 2,000 from Friday, more steps for farmers

For wedding pruposes, one family member can withdraw up to Rs 2.5 lakh from one account. All accounts being transacted have to be KYC-compliant

Rs 500, Rs 1,000 note ban: Chaos reigns supreme as banks scramble to meet note demand
India

Rs 500, Rs 1,000 note ban: Chaos reigns supreme as banks scramble to meet note demand

Frustration and anger boiled over amid chaos and serpentine queues at banks on 11 November as less than half of ATMs were functional for only a few hours and banks struggled to cope with the rush for new currency notes

Here's what you can still do with your old Rs 500, Rs 1,000 notes
Politics

Here's what you can still do with your old Rs 500, Rs 1,000 notes

While one can exchange the banned notes by depositing it with the banks till 30 December 2016, the government, however, in order to avoid inconvenience to common public has also provided a 72 hour window to use the banned currency denomination at places other than the banks

Rs 500, Rs 1,000 note ban: Black money hoarders in Indore use railways help to bypass demonetisation
India

Rs 500, Rs 1,000 note ban: Black money hoarders in Indore use railways help to bypass demonetisation

It seems black money hoarders may be making use of railways ticket reservation services to convert black money it into white money.

Earnings: Cognizant Q4 net up 12%; expects currency to affect revenues
Business

Earnings: Cognizant Q4 net up 12%; expects currency to affect revenues

IT services major Cognizant today said its net profit rose 12 perent to $362.89 million for the quarter ended December 31, helped by increased traction from consulting, digital and business segments.

Utiba Announces International Remittance Clearinghouse Service
Biztech

Utiba Announces International Remittance Clearinghouse Service

Offers a neutral corridor routing and currency exchange clearinghouse for mobile and traditional money remittances.