Fri, Sep 13, 2024
As per the Foreign Exchange (Compounding Proceedings) Rules, 2024, the fees for filing compounding application has been doubled to Rs 10,000 plus GST, from Rs 5,000 earlier.
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Fri, Aug 30, 2024
Rupee appreciated 7 paise to 83.82 against the US dollar in morning trade on Friday, supported by significant foreign fund inflows and a positive trend in domestic equities.Forex traders said a rise in global risk sentiments supported the rupee, while recovery in the US dollar and month-end dollar demand from importers and oil marketing companies (OMCs) weighed on investor sentiments.At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.
Fri, Jul 05, 2024
The rupee edged up by 5 paise to 83.45 against the US dollar in early trading, benefiting from increased foreign investments. The rise came as the dollar retreated and despite concerns over higher crude oil prices impacting investor sentiment.
Tue, Jul 02, 2024
The rupee depreciated by 6 paise to 83.50 against the US dollar, influenced by a strong greenback, elevated crude prices, and foreign fund outflows.
The Indian rupee fell by 12 paise to 83.56 against the US dollar in early trade on Tuesday, influenced by strong US currency and rising crude oil prices.
Thu, Jun 27, 2024
The indian Rupee appreciates by 8 paise to 83.49 against the US dollar in early trade, driven by retreating crude oil prices and stable economic fundamentals.
Mon, Apr 01, 2024
Citing an example, Kapila said payment in USD from Delhi to even nearby Faridabad from one entity to the other in the current dispensation is required to be undertaken through the US banking system.
Sat, Mar 11, 2023
The Reserve Bank of India has often been informed of banks levying high charges on the MSME and retail segments for foreign exchange transactions and it is worrisome that there is no transparency in pricing for smaller customers. Watch this special report on India 360.
Mon, Feb 21, 2022
We often get stressed if someone gives us soiled or torn notes but did you know that you can get it exchanged quite easily. According to RBI Note Exchange Policy, you can get your notes exchanged at any bank or RBI issue office. Here are the rules that you need to keep in mind before you do that.
Mon, Oct 15, 2018
Currency exchange is an important tool when you are planning to travel abroad, or have requirement of sending money transfer to family overseas or have decided to make international business payments.
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