Category : Search result: interbank foreign exchange


UBS Forecast: Rupee at 92/USD by March

UBS Investment Bank predicts the Indian rupee will weaken to 92 per US dollar by March. Key factors include RBI's FX reserve rebuilding and capital outflows. Get the full analysis.

Saudi Arabia Removes All Restrictions for Foreign Investors

Saudi Arabia eliminates Qualified Foreign Investor rules, opening its $2.3 trillion stock market to all global investors from February 1. This major reform aims to boost inflows and revive the Tadawul index after a 13% slump.

Rupee rebounds 14 paise to 90.16 against US dollar

Indian rupee strengthens, breaking a four-day losing streak. Analysts cite geopolitical risks and foreign capital outflow as key factors influencing the currency's volatile trajectory. Read more for insights.

Chandigarh NCC Cadet in India-Bhutan Youth Exchange

SUO Manya Bahl from MCM DAV College represented India in a cultural and leadership exchange in Bhutan from Dec 12-19. The programme included trekking, rafting, and a dinner with PM Tshering Tobgay. Read more.

How to Declare US RSUs in Your Income Tax Return

Chartered accountant Mahesh Nayak received a tax notice for undisclosed foreign assets. Learn how to correctly declare US RSUs in your ITR, including cost vs. current value and filing a revised return.

Forex Reserves Rise $4.36 Billion to $693 Billion

India's foreign exchange reserves surged by $4.36 billion to $693.12 billion for the week ending May 31, 2024, marking a significant recovery. Explore the key drivers behind this growth.

India's Forex Reserves Surge to $693.32 Billion

India's foreign exchange reserves rose sharply by $4.368 billion to $693.318 billion in the week ended December 19, as per RBI data. Gold reserves saw a strong gain. Read the full analysis.

CBUAE revokes Omda Exchange licence, fines Dh10 million

The UAE Central Bank has revoked Omda Exchange's licence and fined it Dh10 million for regulatory breaches. This action strengthens the financial system's integrity for residents. Read more about the enforcement.

Disclose Foreign Assets in Revised ITR by Dec 31

Indian taxpayers can still disclose foreign income & assets by filing a revised ITR before December 31. Learn about Schedule FA, FSI, and how to avoid heavy penalties under the Black Money Act.

UK Delegation Visits LPU for Academic Exchange

A high-level UK delegation visited Lovely Professional University to strengthen academic collaboration, cultural ties, and explore student exchange programs. Discover the future of Indo-UK education.

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