10/4/2017 4/10/2011 10/23/2019 6/6/2019 The current framework . The Reserve Bank of India (RBI) allows any person to act as an authorised dealer (AD) for the purpose of dealing in foreign exchange, under Section 10(1) of the Foreign Exchange Management Act, 1999. Currently, retail customers in India are required to purchase or sell foreign exchange from an AD bank (those branches that offer the facility) or foreign exchange dealers.
RBI cancelled two tenders issued earlier for supply of security features and fibre for currency notes in order to incorporate 'Make in India' as an essential requirement. 4/27/2020 7/17/2017
The Reserve Bank of India is the top rulemaking authority in India regarding financial affairs, including foreign exchange transactions. So if you are looking to do a money transfer abroad from India or currency exchange in India, then you need to be aware of the RBI rules regarding the same. Indian fans of Forex trading have suffered another blow earlier this week, as the Reserve Bank of India (RBI) on September 17th issued a notification that orders banks to act tough on anyone involved in online Forex trading. India’s foreign exchange reserves rose $7.78 billion to touch a record high of $568.5 billion in the week ended Nov. 6, 2020, Reserve Bank of India’s data showed Friday. The reserves had in the previous week risen by $183 million to $560.715 billion. The jump in the reported week was mainly on India's forex reserves climb $ 3.1 bn to record high of $516.362 bn Forex reserves hit an all-time high of $534.5 bn in week ended July 31 The Reserve Bank of India is looking at diversifying its foreign exchange reserve investments amid the fall in global interest rates caused by the Covid-19 pandemic, according to two government sources aware
Oct 23, 2020: Foreign Exchange Turnover Data: August 31 - September 04, 2020: 302 kb: Foreign Exchange Turnover Data: September 07- September 11, 2020 6/28/2019 Friday, 4 August 2017. Rbi rules on forex trading in india Setting out various developmental and regulatory policy measures, the Reserve Bank of India on Thursday said it will create a foreign exchange trading platform for SME exporters and importers. Unveiling its second Bi-monthly Monetary Policy Statement, 2019-20, the Central Bank also decided to widen the ambit of small finance banks and get more players to extend such banking facilities. 4/15/2019
Apart from RBI, the Foreign Exchange Dealers’ Association of India (FEDAI) plays an important role in the development of foreign exchange markets in India. The Reserve Bank of India: The RBI is entrusted with monetary stability, the management of currency and the supervision of the banking as well as the payments system. Nov 11, 2020 · Disclaimer. Reserve Bank of India published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 16:06:06 UTC Why growth of India’s forex reserves is set to slow after new RBI measures RBI seeming to opt for a hands-off approach, which could lead to faster appreciation of rupee. On Tuesday, the currency posted its biggest single-day gain in 21 months. Jun 28, 2019 · In India, a majority of Forex brokers only allow its traders to trade on INR related currency pairs. Without the Indian authorities’ approval, Trading with an international broker and depositing money from an Indian account to an overseas bank account is strictly against the Indian law. Setting out various developmental and regulatory policy measures, the Reserve Bank of India on Thursday said it will create a foreign exchange trading platform for SME exporters and importers. Unveiling its second Bi-monthly Monetary Policy Statement, 2019-20, the Central Bank also decided to widen the ambit of small finance banks and get more