PYMNTS

FEBRUARY 8, 2017

China’s foreign exchange reserves have slipped below the $3 trillion mark, as measured in January. The foreign exchange regulator, the State Administration of Foreign Exchange, has said that currency reserves are adequate and will continue to provide a level of support to the yuan.

Foreign Exchange 40

Foreign Exchange Currencies Banking Investments 40

CFO News

JANUARY 19, 2024

The 3-day variable rate repo (VRR) auction conducted by the RBI on Friday, which is scheduled to reverse on January 22, will now be reversed on January 23. Meanwhile, a 3-day VRR auction that the RBI had earlier said would be conducted on January 22 stands cancelled and instead a 2-day VRR auction will be carried out on January 23.

Foreign Exchange 52

Foreign Exchange Marketing 52

CFO News Room

FEBRUARY 4, 2022

The country’s foreign exchange reserves declined by USD 4.531 billion to stand at USD 629.755 billion in the week ended January 28, RBI data showed on Friday. In the previous week ended January 21, the reserves had decreased by USD 678 million to USD 634.287 billion.

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CFO News

NOVEMBER 15, 2024

India's foreign exchange reserves experienced a decrease of $6.4 The decline was primarily attributed to a drop in Foreign Currency Assets, while gold reserves saw an increase. Despite this dip, India maintains its position as the fourth largest holder of foreign exchange reserves globally. billion by November 8th.

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PYMNTS

SEPTEMBER 6, 2016

s share of the foreign exchange market has dropped, while the Bank for International Settlements (BIS) reported that Asia, particularly Hong Kong, Tokyo and Singapore, are picking up the pieces. Brexit has hit the pound hard. Financial Times reported that the U.K.’s

Foreign Exchange 40

Foreign Exchange Marketing Currencies Banking 40

CFO News

NOVEMBER 3, 2024

Local bourses as well as these HNIs believe their trades are kosher — drawing comfort from the fact that the foreign exchanges they are dealing with are registered with Financial Intelligence Unit (FIU). However, they may be unwittingly walking through a minefield of rules on the Foreign Exchange Management Act.

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Foreign Exchange 45

CFO News

NOVEMBER 15, 2024

India's foreign exchange reserves experienced a decrease of $6.4 The decline was primarily attributed to a drop in Foreign Currency Assets, while gold reserves saw an increase. Despite this dip, India maintains its position as the fourth largest holder of foreign exchange reserves globally. billion by November 8th.

Foreign Exchange 40

Foreign Exchange Currencies 40

Global Finance

OCTOBER 10, 2024

GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced. Lkhagvasuren: As of July 2024, Mongolia’s foreign exchange reserves reached $4.7 Despite repaying 6 billion Chinese yuan [$843 million] of the swap usage, foreign exchange reserves remained robust.

Restructuring 98

Restructuring Foreign Exchange Banking Transportation 98

CFO News

NOVEMBER 25, 2024

India's foreign exchange reserves have grown significantly. Agriculture is expected to perform well. Economic activity is picking up. Jobs are increasing. However, global economic slowdown and geopolitical tensions pose challenges. The future economic trajectory depends on global factors and US policy.

Economics 40

Economics Foreign Exchange 40

CFO News

NOVEMBER 21, 2024

The Reserve Bank of India (RBI) defended its management of the rupee, stating its interventions in the foreign exchange market are necessary to maintain stability amidst global economic uncertainty.

Currencies 40

Currencies Foreign Exchange Economics Banking 40

Global Finance

SEPTEMBER 3, 2024

It will now have to convert the local currency raised from domestic lenders to foreign exchange in order to buy these inputs. This means that there will be an initial outflow of forex to purchase inputs and an eventual inflow of forex when the cocoa is sold,” Esterhuysen says. “My

Foreign Exchange 75

Foreign Exchange Currencies Education Manufacturing 75

CFO News

NOVEMBER 1, 2024

Amid persistent selling of shares in the stock market by foreign institutional investors (FII) and growing geopolitical tensions, India's foreign exchange reserves posted a $3.46 billion drop to stand at $684.8 billion in the week ended October 25, data released by the Reserve Bank of India (RBI) showed on Friday.

Foreign Exchange 45

Foreign Exchange Banking Marketing 45

CFO News

OCTOBER 18, 2024

Inflation is under control, foreign exchange reserves have crossed $700 billion, the country is recording healthy economic growth rates and is the most preferred investment destination, Goyal said at an event organised by Society for Human Resource Management (SHRM).

Foreign Exchange 45

Foreign Exchange Economics Investments 45

CFO News

NOVEMBER 18, 2024

ED is investigating alleged violations under the Foreign Exchange Management Act (Fema) that are ordinarily civil offences entailing monetary penalties. Earlier this month, the agency conducted nationwide searches at 19 sites related to large sellers on Amazon and Flipkart in New Delhi, Bengaluru and Hyderabad.

Foreign Exchange 40

Foreign Exchange Concentration eCommerce 40

CFO News

MAY 21, 2023

In March 2023, ED initiated a probe against BBC India for FDI cap breach under the Foreign Exchange Management Act (FEMA). This article by Makarand Joshi, Founding Partner, MMJC and Associates LLP delves into the the question can ministry clarifications via circulars override regulations?

Foreign Exchange 95

Foreign Exchange 95

CFO News

OCTOBER 11, 2024

India's foreign exchange reserves decreased by $3.7 The RBI intervenes in the forex market to manage liquidity and prevent excessive rupee depreciation, ensuring orderly market conditions without aiming for specific exchange rate targets. billion to $701.18 billion as of October 4, according to the Reserve Bank of India.

Foreign Exchange 45

Foreign Exchange Banking Marketing 45

CFO News

MAY 30, 2024

The increase was mainly due to profit from foreign exchange sales. RBI Balance Sheet: RBI’s income increased 17.04% Y-o-Y to Rs 2.75

Foreign Exchange 52

Foreign Exchange Sales 52

CFO News

MAY 22, 2024

Meanwhile, foreign exchange reserves stood at Rs.53,17,256 The inaugural month of FY25 saw GST collections soaring to Rs. lakh crore, accompanied by a slight easing in inflation to 4.83%. However, the unsettling rise in unemployment to 8.1% raises concerns. 53,17,256 crore.

Foreign Exchange 52

Foreign Exchange Economics 52

Global Finance

JULY 22, 2024

JP Morgan recognitions throughout 2024 World’s Best Investment Banks 2024—Global Winners GW Platt Foreign Exchange Bank Awards 2024—Global, Regional And Country Winners World’s Best Private Banks 2024—North America The post JP Morgan – World’s Best Bank 2024 appeared first on Global Finance Magazine.

Banking 98

Banking Foreign Exchange Finance Investments 98

CFO News

APRIL 24, 2024

With the GST revenue standing at second-highest collection ever and the foreign exchange reserves hitting an all time high. The last month of the financial year 2023-2024 recorded positive numbers for various macroeconomic factors defining the health of the Indian Economy.

Foreign Exchange 52

Foreign Exchange Numbers 52

CFO News

SEPTEMBER 20, 2024

The RBI's foreign-exchange reserves have increased significantly, drawing in foreign investment and reducing the current account deficit. RBI Governor Shaktikanta Das has achieved a balance between stabilising the rupee and letting it weaken to support India's export goals.

Foreign Exchange 40

Foreign Exchange Currencies Economics Investments 40

CFO News

MARCH 15, 2024

India's foreign exchange reserves have risen by $6.55 billion to reach $625.63 billion for the week ending March 1, as per the latest data from the Reserve Bank of India (RBI). This follows a previous increase of $2.98 billion to $619.07 billion for the week ended February 23, 2024.

Foreign Exchange 52

Foreign Exchange Banking 52

PYMNTS

NOVEMBER 3, 2020

Statrys is a payment offering is targeted to small and medium-sized businesses (SMBs), entrepreneurs and upstarts that need flexible banking and developed foreign exchange offerings that can let them expand around the world.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

CFO News

FEBRUARY 5, 2024

ED sought additional information from the Reserve Bank of India (RBI) on alleged violation of the Foreign Exchange Management Act (Fema) by individuals and companies using Paytm Payments Bank. RBI had informed ED of possible breaches in November 2023. ED wrote back to RBI seeking information on the entities that had violated Fema.

Foreign Exchange 52

Foreign Exchange Banking 52

CFO News

NOVEMBER 29, 2023

​​ET on November 21 reported online that ED confirmed issuing showcase notices for alleged violations of the Foreign Exchange Management Act (Fema) amounting to Rs 9,362 crore by Think & Learn and Raveendran.

Foreign Exchange 52

Foreign Exchange 52

CFO News

FEBRUARY 16, 2024

Additionally, UPI transactions, merchandise exports, and foreign exchange reserves witnessed notable upticks. Unemployment dropped to a 16-month low at 6.8%, and the HSBC India Manufacturing PMI signaled strong factory sector growth.

Foreign Exchange 52

Foreign Exchange Manufacturing Economics 52

CFO News

JULY 30, 2024

Commerce Minister Piyush Goyal criticized Indian industries for prioritizing imports over local products, impacting foreign exchange reserves. He noted their reluctance to offer market access while demanding duty concessions in FTAs.

Foreign Exchange 40

Foreign Exchange Prioritization Marketing 40

PYMNTS

FEBRUARY 4, 2020

Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report. Visa, which acquired Earthport in May 2019, said the sale will help to speed up Earthport’s growth of its larger core payments business.

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Foreign Exchange Treasury Currencies B2B 100

Future CFO

OCTOBER 29, 2023

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IAS 21, The Effects of Changes in Foreign Exchange Rates The post The fundamentals of IAS 21 appeared first on FutureCFO.

Foreign Exchange 52

Foreign Exchange Financial Reporting Accounting Standards Accounting 52

CFO News

AUGUST 12, 2024

Indian API industry players faced considerable volatility in earnings over FY2021-FY2023 on account of multiple headwinds such as rising raw material costs due to elevated crude oil prices and pandemic-induced lockdowns in China, resulting in a shortage of key starting materials (KSMs) and APIs globally, inflationary pressures and increased energy (..)

Foreign Exchange 40

Foreign Exchange Accounting 40

Global Finance

OCTOBER 29, 2024

In particular, foreign-exchange and interest-rate risks may be significant when entering a lower-rated jurisdiction with a more volatile macroeconomic backdrop.” In May, Fitch Ratings cautioned banks in the six-member Gulf Cooperation Council (GCC) about unchecked growth plans.

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Profit and Loss Foreign Exchange Forecasting Banking 64

CFO News

DECEMBER 24, 2023

Foreign exchange reserves reached $604.04 In November, noteworthy highlights including robust Goods and Services Tax collection, 5.55% inflation rate, 9.2% unemployment rate, and a positive outlook in the services sector were marked in the Indian economy. billion, reinforcing confidence in meeting external financing needs.

Foreign Exchange 52

Foreign Exchange Economics Finance 52

CFO News

NOVEMBER 5, 2023

Partial de-notification of zones, sales to DTA, concessional corporate tax for them and removal of net foreign exchange earning requirement have been some of the sticky issues between the two ministries. The ministries of finance and commerce & industry have been in discussions on the DESH bill for more than a year.

Foreign Exchange 52

Foreign Exchange Finance Sales 52

PYMNTS

SEPTEMBER 20, 2020

Isabel Group CEO Jean de Crane said the new partnership "will add value to our mutual business customers in the processing of their payments and foreign exchange strategies. We are looking forward to working together with this international player in our ecosystem.".

Foreign Exchange 120

Foreign Exchange B2B Currencies Banking 120

CFO News

AUGUST 22, 2023

​​The ED accused CaratLane of violating the Foreign Exchange Management Act (FEMA). The notice served on March 28, 2022, stated that FDI was not allowed in single-brand retail at the time. The notice has not been made public till now.

Foreign Exchange 52

Foreign Exchange Retail 52

CFO News

OCTOBER 20, 2023

India's foreign exchange reserves rose by $1.153 billion to reach $585.895 billion for the week ending October 13, according to the Reserve Bank of India (RBI). Foreign currency assets dropped by $178 million to $519.35 The increase comes after a decrease of $2.166 billion in the previous week. billion to $43.58 billion.

Foreign Exchange 52

Foreign Exchange Currencies Banking 52

CFO News

SEPTEMBER 28, 2023

India's foreign exchange reserves increased by $24.4 billion, and net foreign direct investment decreased to $5.1 India's current account deficit (CAD) widened to $9.2 billion in Q1FY24, equivalent to 1.1% of GDP on a sequential basis. Yet it narrowed on a YoY basis, compared to $17.9 billion in Q1FY23.

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Foreign Exchange Accounting Investments 52